Western Asset Municipal High Income Fund (NYSE:MHF) Trading Down 0.3% – Here’s What Happened

Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Free Report)’s share price was down 0.3% during trading on Tuesday . The company traded as low as $6.80 and last traded at $6.81. Approximately 59,701 shares changed hands during trading, an increase of 5% from the average daily volume of 56,710 shares. The stock had previously closed at $6.83.

Western Asset Municipal High Income Fund Price Performance

The business has a fifty day simple moving average of $6.94 and a two-hundred day simple moving average of $6.93.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.034 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter worth approximately $43,000. Osaic Holdings Inc. increased its stake in shares of Western Asset Municipal High Income Fund by 113.9% in the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,900 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter valued at $73,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter valued at $73,000. Finally, Cetera Investment Advisers purchased a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at $92,000.

Western Asset Municipal High Income Fund Company Profile

(Get Free Report)

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.

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