Commonwealth Equity Services LLC Buys Shares of 13,716 Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Commonwealth Equity Services LLC purchased a new position in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,716 shares of the financial services provider’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $6,569,000. Hennion & Walsh Asset Management Inc. boosted its position in Western Asset Municipal High Income Fund by 9.8% during 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 in the last quarter. Independent Advisor Alliance purchased a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at $128,000. Vista Investment Partners II LLC bought a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter worth $81,000. Finally, Jones Financial Companies Lllp raised its position in shares of Western Asset Municipal High Income Fund by 14.4% in the 4th quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 7,843 shares in the last quarter.

Western Asset Municipal High Income Fund Stock Down 0.7 %

Shares of MHF stock opened at $7.16 on Friday. The stock’s 50-day moving average is $7.41 and its 200 day moving average is $7.19. Western Asset Municipal High Income Fund Inc. has a 1-year low of $6.51 and a 1-year high of $7.83.

Western Asset Municipal High Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.034 dividend. This represents a dividend yield of 5.34%. The ex-dividend date was Monday, March 24th.

Western Asset Municipal High Income Fund 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.