Collaborative Wealth Managment Inc. Buys Shares of 19,565 Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Collaborative Wealth Managment Inc. bought a new stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,565 shares of the financial services provider’s stock, valued at approximately $133,000.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth about $6,569,000. Hennion & Walsh Asset Management Inc. increased its stake in Western Asset Municipal High Income Fund by 9.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock worth $3,232,000 after purchasing an additional 42,433 shares during the period. Prospera Financial Services Inc increased its stake in Western Asset Municipal High Income Fund by 28.7% during the third quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 25,677 shares during the period. Independent Advisor Alliance purchased a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth about $128,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth about $93,000.

Western Asset Municipal High Income Fund Trading Up 1.8 %

Shares of NYSE:MHF opened at $7.57 on Friday. The firm’s 50-day moving average is $7.24 and its two-hundred day moving average is $7.16. Western Asset Municipal High Income Fund Inc. has a 1 year low of $6.51 and a 1 year high of $7.79.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a dividend of $0.034 per share. The ex-dividend date of this dividend 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.