Western Asset Municipal High Income Fund (NYSE:MHF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.17 and traded as low as $6.96. Western Asset Municipal High Income Fund shares last traded at $7.0350, with a volume of 99,891 shares traded.

Western Asset Municipal High Income Fund Price Performance

The firm’s 50-day moving average is $7.17 and its 200-day moving average is $7.05.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC increased its holdings in Western Asset Municipal High Income Fund by 11.6% during the 2nd quarter. ORG Wealth Partners LLC now owns 78,774 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 8,212 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Western Asset Municipal High Income Fund during the second quarter valued at approximately $190,000. Wealthcare Advisory Partners LLC grew its holdings in Western Asset Municipal High Income Fund by 16.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 20,850 shares of the financial services provider’s stock worth $145,000 after buying an additional 3,000 shares in the last quarter. Invesco Ltd. purchased a new stake in Western Asset Municipal High Income Fund in the 1st quarter valued at $475,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Western Asset Municipal High Income Fund by 131.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 29,228 shares of the financial services provider’s stock valued at $217,000 after buying an additional 16,622 shares during the last quarter.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.