Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Stake Lessened by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 89.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,292 shares of the company’s stock after selling 47,201 shares during the quarter. Wolverine Asset Management LLC’s holdings in Western Asset Intermediate Muni Fund were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LexAurum Advisors LLC acquired a new position in Western Asset Intermediate Muni Fund in the fourth quarter worth $271,000. Rivernorth Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 45,940 shares during the period. Whitebox Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,994 shares during the period. HighTower Advisors LLC boosted its holdings in shares of 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 acquiring an additional 2,295 shares during the period. Finally, Pathstone Holdings LLC boosted its holdings in shares of 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 valued at $2,216,000 after acquiring an additional 51,543 shares during the period.

Western Asset Intermediate Muni Fund Stock Down 0.2 %

SBI stock opened at $7.90 on Tuesday. The company has a 50-day simple moving average of $7.80 and a 200 day simple moving average of $8.01. Western Asset Intermediate Muni Fund Inc. has a fifty-two week low of $7.60 and a fifty-two week high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 6.38%. 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.