Rivernorth Capital Management LLC Cuts Position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Rivernorth Capital Management LLC trimmed its holdings in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 86.7% in the third quarter, HoldingsChannel.com reports. The firm owned 121,437 shares of the financial services provider’s stock after selling 788,766 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Western Asset Municipal High Income Fund were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MHF. International Assets Investment Management LLC acquired a new position in Western Asset Municipal High Income Fund in the second quarter valued at approximately $66,000. Comerica Bank acquired a new position in Western Asset Municipal High Income Fund in the first quarter valued at approximately $102,000. Sanctuary Advisors LLC acquired a new position in Western Asset Municipal High Income Fund in the second quarter valued at approximately $137,000. Wealth Enhancement Advisory Services LLC acquired a new position in Western Asset Municipal High Income Fund in the third quarter valued at approximately $139,000. Finally, PFG Investments LLC acquired a new position in Western Asset Municipal High Income Fund in the third quarter valued at approximately $145,000.

Western Asset Municipal High Income Fund Stock Down 0.4 %

Shares of MHF opened at $7.18 on Friday. The stock has a 50 day moving average price of $7.15 and a 200 day moving average price of $7.03. Western Asset Municipal High Income Fund Inc. has a 52-week low of $6.27 and a 52-week high of $7.39.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.034 dividend. The ex-dividend date is Monday, December 23rd.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.