Western Asset Municipal High Income Fund (NYSE:MHF) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Western Asset Municipal High Income Fund Inc. (NYSE:MHF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.90 and traded as low as $6.73. Western Asset Municipal High Income Fund shares last traded at $6.7450, with a volume of 25,066 shares.

Western Asset Municipal High Income Fund Price Performance

The business has a 50-day moving average price of $6.89 and a 200-day moving average price of $6.90.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.034 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, November 20th.

Institutional Trading of Western Asset Municipal High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Western Asset Municipal High Income Fund by 8.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,432 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,839 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Western Asset Municipal High Income Fund by 6.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,505 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 2,170 shares during the last quarter. Bank of America Corp DE increased its position in Western Asset Municipal High Income Fund by 0.4% during the third quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock worth $4,231,000 after purchasing an additional 2,350 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Western Asset Municipal High Income Fund by 24.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 3,452 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Western Asset Municipal High Income Fund by 113.9% during the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,900 shares during the period.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.