Whittier Trust Co. of Nevada Inc. Trims Stock Holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Whittier Trust Co. of Nevada Inc. decreased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,375 shares of the company’s stock after selling 7,813 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Western Asset Intermediate Muni Fund by 22.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after buying an additional 2,295 shares during the last quarter. LexAurum Advisors LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at about $271,000. Independent Advisor Alliance purchased a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at about $389,000. Noble Wealth Management PBC purchased a new position in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $548,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Western Asset Intermediate Muni Fund by 2.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 155,610 shares of the company’s stock valued at $1,204,000 after purchasing an additional 4,090 shares in the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.83 on Friday. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $7.60 and a twelve month high of $8.29. The business has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.98.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.50 annualized dividend and a dividend yield of 6.44%.

Western Asset Intermediate Muni Fund Company 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.