Sard Wealth Management Group LLC Trims Stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Sard Wealth Management Group LLC lowered its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 20.4% during the 4th quarter, HoldingsChannel reports. The firm owned 11,892 shares of the company’s stock after selling 3,052 shares during the period. Sard Wealth Management Group LLC’s holdings in Western Asset Intermediate Muni Fund were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBI. Whitebox Advisors LLC increased its holdings in shares of Western Asset Intermediate Muni Fund by 292.8% in the 2nd quarter. Whitebox Advisors LLC now owns 169,444 shares of the company’s stock worth $1,332,000 after buying an additional 126,303 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Western Asset Intermediate Muni Fund in the second quarter worth $818,000. Carson Advisory Inc. purchased a new position in Western Asset Intermediate Muni Fund in the third quarter worth $733,000. Pathstone Holdings LLC increased its stake in Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after acquiring an additional 51,543 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its position in Western Asset Intermediate Muni Fund by 2.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after purchasing an additional 45,940 shares in the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

SBI opened at $7.82 on Friday. The stock has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.03. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $7.60 and a 12-month high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 6.45%. The ex-dividend date is Friday, January 24th.

About Western Asset Intermediate Muni Fund

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.