11,334 Shares in Western Asset Intermediate Muni Fund Inc. $SBI Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC purchased a new position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,334 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBI. Traub Capital Management LLC bought a new position in shares of Western Asset Intermediate Muni Fund during the second quarter valued at about $982,000. Wolverine Asset Management LLC grew its position in shares of Western Asset Intermediate Muni Fund by 29.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 43,898 shares of the company’s stock worth $330,000 after buying an additional 9,943 shares during the last quarter. Melfa Wealth Management Inc. increased its stake in shares of Western Asset Intermediate Muni Fund by 34.4% during the second quarter. Melfa Wealth Management Inc. now owns 46,347 shares of the company’s stock valued at $349,000 after buying an additional 11,850 shares during the period. Concorde Asset Management LLC purchased a new stake in Western Asset Intermediate Muni Fund in the first quarter worth $90,000. Finally, Royal Bank of Canada lifted its stake in Western Asset Intermediate Muni Fund by 13.5% in the first quarter. Royal Bank of Canada now owns 30,278 shares of the company’s stock worth $236,000 after acquiring an additional 3,600 shares during the period.

Western Asset Intermediate Muni Fund Price Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.72 on Tuesday. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $7.30 and a 12-month high of $8.25. The company’s fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $7.69.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.042 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.5%.

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.