Western Asset Municipal High Income Fund (NYSE:MHF) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.99 and traded as low as $6.91. Western Asset Municipal High Income Fund shares last traded at $6.9210, with a volume of 81,909 shares.

Western Asset Municipal High Income Fund Trading Up 0.2%

The company’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.98.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.034 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Large investors have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC increased its position in shares of Western Asset Municipal High Income Fund by 68.8% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 4,220 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,720 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at about $43,000. Osaic Holdings Inc. lifted its position in Western Asset Municipal High Income Fund by 113.9% in the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,900 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Western Asset Municipal High Income Fund during the third quarter worth about $71,000. Finally, Private Advisor Group LLC purchased a new position in Western Asset Municipal High Income Fund during the third quarter worth about $73,000.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.