PKS Advisory Services LLC Buys New Shares in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

PKS Advisory Services LLC bought a new position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,000 shares of the company’s stock, valued at approximately $108,000.

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

Western Asset Intermediate Muni Fund Price Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.82 on Thursday. Western Asset Intermediate Muni Fund Inc. has a 1 year low of $7.60 and a 1 year high of $8.29. The firm has a fifty day moving average price of $7.84 and a 200 day moving average price of $7.97.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.042 dividend. The ex-dividend date is Monday, March 24th. This represents a dividend 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.