Sard Wealth Management Group LLC Decreases Stock Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Sard Wealth Management Group LLC lessened its position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,892 shares of the company’s stock after selling 3,052 shares during the period. Sard Wealth Management Group LLC’s holdings in Western Asset Intermediate Muni Fund were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SBI. Rivernorth Capital Management LLC lifted its stake in shares of Western Asset Intermediate Muni Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after buying an additional 45,940 shares in the last quarter. Whitebox Advisors LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 1.2% during the third quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after acquiring an additional 1,994 shares in the last quarter. HighTower Advisors LLC boosted 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 worth $101,000 after acquiring an additional 2,295 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after acquiring an additional 51,543 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Western Asset Intermediate Muni Fund by 66.1% in the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock valued at $430,000 after purchasing an additional 20,884 shares in the last quarter.

Western Asset Intermediate Muni Fund Price Performance

Shares of SBI opened at $7.82 on Friday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.60 and a 52-week high of $8.29. The stock’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $8.03.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Friday, January 24th.

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.