Allspring Global Investments Holdings LLC Sells 44,517 Shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 20.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 171,558 shares of the company’s stock after selling 44,517 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Intermediate Muni Fund were worth $1,328,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. LexAurum Advisors LLC bought a new stake in Western Asset Intermediate Muni Fund during the fourth quarter valued at $271,000. Rivernorth Capital Management LLC boosted its stake in Western Asset Intermediate Muni Fund by 2.8% during the third 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 during the period. Whitebox Advisors LLC boosted its stake in 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 valued at $1,406,000 after buying an additional 1,994 shares during the period. HighTower Advisors LLC boosted its stake in Western Asset Intermediate Muni Fund by 22.8% during the third 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 period. Finally, Pathstone Holdings LLC lifted its stake in Western Asset Intermediate Muni Fund by 23.6% during the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after purchasing an additional 51,543 shares during the last quarter.

Western Asset Intermediate Muni Fund Trading Down 0.3 %

SBI opened at $7.91 on Friday. Western Asset Intermediate Muni Fund Inc. has a 12 month low of $7.60 and a 12 month high of $8.29. The business’s 50-day moving average price is $7.80 and its 200-day moving average price is $8.01.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.50 dividend on an annualized basis and a yield of 6.37%.

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.