LexAurum Advisors LLC Buys New Stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

LexAurum Advisors LLC bought a new position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 35,000 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds also recently bought and sold shares of SBI. Rivernorth Capital Management LLC increased its stake in shares of Western Asset Intermediate Muni Fund by 2.8% in the third quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock worth $13,734,000 after purchasing an additional 45,940 shares during the period. Pathstone Holdings LLC increased its position in Western Asset Intermediate Muni Fund by 23.6% in the 3rd quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after buying an additional 51,543 shares during the period. Whitebox Advisors LLC lifted its holdings in shares of Western Asset Intermediate Muni Fund by 1.2% during the third quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after buying an additional 1,994 shares during the last quarter. Carson Advisory Inc. acquired a new stake in shares of Western Asset Intermediate Muni Fund in the third quarter worth $733,000. Finally, Wolverine Asset Management LLC increased its position in Western Asset Intermediate Muni Fund by 66.1% during the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock worth $430,000 after acquiring an additional 20,884 shares during the period.

Western Asset Intermediate Muni Fund Price Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.75 on Friday. The firm has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $8.02. Western Asset Intermediate Muni Fund Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $8.29.

Western Asset Intermediate Muni Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be paid a $0.042 dividend. This is a boost from Western Asset Intermediate Muni Fund’s previous dividend of $0.02. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 6.46%.

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.