1607 Capital Partners LLC Sells 82,096 Shares of Western Asset Intermediate Muni Fund Inc. $SBI

1607 Capital Partners LLC lessened its holdings in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,801 shares of the company’s stock after selling 82,096 shares during the period. 1607 Capital Partners LLC’s holdings in Western Asset Intermediate Muni Fund were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SBI. Royal Bank of Canada raised its stake in shares of Western Asset Intermediate Muni Fund by 13.5% in the 1st quarter. Royal Bank of Canada now owns 30,278 shares of the company’s stock valued at $236,000 after purchasing an additional 3,600 shares during the period. Invesco Ltd. lifted its holdings in shares of Western Asset Intermediate Muni Fund by 55.5% in the second quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock valued at $1,542,000 after purchasing an additional 73,181 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Western Asset Intermediate Muni Fund by 6.6% in the second quarter. Raymond James Financial Inc. now owns 189,929 shares of the company’s stock valued at $1,428,000 after purchasing an additional 11,720 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Western Asset Intermediate Muni Fund by 25.4% in the second quarter. IHT Wealth Management LLC now owns 20,328 shares of the company’s stock valued at $153,000 after purchasing an additional 4,113 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Western Asset Intermediate Muni Fund in the 2nd quarter valued at approximately $96,000.

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI opened at $7.83 on Thursday. The stock’s 50 day moving average price is $7.77 and its two-hundred day moving average price is $7.80. Western Asset Intermediate Muni Fund Inc. has a 52 week low of $7.40 and a 52 week high of $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.042 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 6.4%.

Western Asset Intermediate Muni Fund Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.