Avantax Advisory Services Inc. Buys 4,090 Shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Avantax Advisory Services Inc. raised its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,610 shares of the company’s stock after purchasing an additional 4,090 shares during the period. Avantax Advisory Services Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBI. HighTower Advisors LLC grew its stake in Western Asset Intermediate Muni Fund by 22.8% in the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after buying an additional 2,295 shares during the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at about $271,000. Independent Advisor Alliance acquired a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at about $389,000. Noble Wealth Management PBC bought a new position in shares of Western Asset Intermediate Muni Fund in the fourth quarter worth about $548,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth about $1,313,000.

Western Asset Intermediate Muni Fund Stock Down 0.3 %

SBI opened at $7.74 on Thursday. The stock’s 50 day moving average price is $7.83 and its two-hundred day moving average price is $7.98. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $7.60 and a 12-month high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a yield of 6.51%. The ex-dividend date is Monday, March 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.