Logan Stone Capital LLC Has $122,000 Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Logan Stone Capital LLC lowered its stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 88.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,728 shares of the company’s stock after selling 125,812 shares during the period. Logan Stone Capital LLC’s holdings in Western Asset Intermediate Muni Fund were worth $122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PKS Advisory Services LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $108,000. HighTower Advisors LLC increased its holdings in shares of Western Asset Intermediate Muni Fund by 82.7% in the fourth quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock valued at $175,000 after purchasing an additional 10,240 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $271,000. Wells Fargo & Company MN increased its holdings in shares of Western Asset Intermediate Muni Fund by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock valued at $347,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $389,000.

Western Asset Intermediate Muni Fund Stock Up 0.3%

Shares of SBI stock opened at $7.57 on Monday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.30 and a 52-week high of $8.29. The firm’s 50 day moving average price is $7.65 and its two-hundred day moving average price is $7.82.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.042 dividend. The ex-dividend date was Monday, March 24th. This represents a 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.