Noble Wealth Management PBC Takes $548,000 Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Noble Wealth Management PBC acquired a new stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,835 shares of the company’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LexAurum Advisors LLC bought a new stake in Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $271,000. Rivernorth Capital Management LLC raised its stake in Western Asset Intermediate Muni Fund by 2.8% in 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 raised its stake in Western Asset Intermediate Muni Fund by 1.2% in 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 raised its stake in Western Asset Intermediate Muni Fund by 22.8% in 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 raised its stake in Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after buying an additional 51,543 shares during the period.

Western Asset Intermediate Muni Fund Stock Performance

NYSE:SBI opened at $7.97 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 stock’s 50 day moving average price is $7.81 and its two-hundred day moving average price is $8.01.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.33%. The ex-dividend date is Monday, March 24th.

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.