Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 7.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,181,590 shares of the company’s stock after selling 100,555 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $9,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SBI. Wells Fargo & Company MN increased its position in Western Asset Intermediate Muni Fund by 8.3% during the 4th quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock worth $347,000 after purchasing an additional 3,450 shares during the period. PKS Advisory Services LLC acquired a new position in Western Asset Intermediate Muni Fund during the fourth quarter worth $108,000. Avantax Advisory Services Inc. raised its position in Western Asset Intermediate Muni Fund by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 155,610 shares of the company’s stock worth $1,204,000 after acquiring an additional 4,090 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Western Asset Intermediate Muni Fund by 82.7% in the fourth quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock valued at $175,000 after acquiring an additional 10,240 shares during the period. Finally, Independent Advisor Alliance purchased a new stake in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth $389,000.

Western Asset Intermediate Muni Fund Trading Down 1.7 %

Shares of SBI opened at $7.74 on Friday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.60 and a 52-week high of $8.29. The company has a 50-day simple moving average of $7.83 and a 200-day simple moving average of $7.95.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.042 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 6.44%.

Western Asset Intermediate Muni Fund Profile

Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.