Independent Advisor Alliance Makes New Investment in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Independent Advisor Alliance acquired a new position in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,890 shares of the financial services provider’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Western Asset Municipal High Income Fund by 4.2% during the fourth quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider’s stock worth $761,000 after buying an additional 4,543 shares during the period. Jones Financial Companies Lllp boosted its stake in Western Asset Municipal High Income Fund by 14.4% during the fourth quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider’s stock worth $424,000 after buying an additional 7,843 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Western Asset Municipal High Income Fund by 9.4% during the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock worth $929,000 after buying an additional 11,000 shares during the period. Prospera Financial Services Inc grew its position in Western Asset Municipal High Income Fund by 28.7% in the 3rd quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 25,677 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Western Asset Municipal High Income Fund by 9.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock valued at $3,232,000 after acquiring an additional 42,433 shares during the last quarter.

Western Asset Municipal High Income Fund Stock Up 0.1 %

Shares of Western Asset Municipal High Income Fund stock opened at $7.52 on Friday. The stock’s fifty day moving average is $7.29 and its two-hundred day moving average is $7.17. Western Asset Municipal High Income Fund Inc. has a 52 week low of $6.51 and a 52 week high of $7.79.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.034 dividend. The ex-dividend date is Monday, March 24th.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.