Tortoise Investment Management LLC Has $568,000 Holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Tortoise Investment Management LLC trimmed its holdings in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 16.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,252 shares of the company’s stock after selling 14,550 shares during the period. Tortoise Investment Management LLC’s holdings in Western Asset Intermediate Muni Fund were worth $568,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sar Wealth Management Group LLC bought a new stake in Western Asset Intermediate Muni Fund in the 4th quarter valued at about $267,000. Whitebox Advisors LLC acquired a new stake in Western Asset Intermediate Muni Fund in the first quarter valued at approximately $342,000. Bulldog Investors LLP increased its holdings in shares of Western Asset Intermediate Muni Fund by 8.4% during the fourth quarter. Bulldog Investors LLP now owns 52,697 shares of the company’s stock valued at $391,000 after acquiring an additional 4,065 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the first quarter worth approximately $626,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Western Asset Intermediate Muni Fund in the 2nd quarter worth $818,000.

Western Asset Intermediate Muni Fund Price Performance

NYSE SBI opened at $8.11 on Wednesday. The company has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $7.87. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $6.96 and a 12-month high of $8.15.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Monday, September 23rd.

About Western Asset Intermediate Muni Fund

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.