Western Asset Municipal High Income Fund (NYSE:MHF) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.92 and traded as low as $6.88. Western Asset Municipal High Income Fund shares last traded at $6.8810, with a volume of 28,399 shares traded.

Western Asset Municipal High Income Fund Price Performance

The stock has a 50 day moving average of $6.89 and a 200-day moving average of $6.92.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.034 dividend. The ex-dividend date is Monday, August 24th. 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Western Asset Municipal High Income Fund in the 4th quarter worth $43,000. Osaic Holdings Inc. raised its stake in Western Asset Municipal High Income Fund by 113.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,900 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Western Asset Municipal High Income Fund during the 3rd quarter worth about $71,000. Private Advisor Group LLC acquired a new stake in Western Asset Municipal High Income Fund during the 3rd quarter worth about $73,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth about $73,000.

About Western Asset Municipal High Income Fund

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.