14,000 Shares in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Purchased by PKS Advisory Services LLC

PKS Advisory Services LLC purchased a new position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors also recently bought and sold shares of SBI. HighTower Advisors LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 22.8% during the 3rd 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 in the last quarter. LexAurum Advisors LLC acquired a new position in Western Asset Intermediate Muni Fund during the fourth quarter worth $271,000. Independent Advisor Alliance purchased a new position in Western Asset Intermediate Muni Fund during the fourth quarter valued at $389,000. Noble Wealth Management PBC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at about $548,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Western Asset Intermediate Muni Fund by 2.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 155,610 shares of the company’s stock worth $1,204,000 after purchasing an additional 4,090 shares in the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

SBI opened at $7.82 on Thursday. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $7.60 and a twelve month high of $8.29. The company has a 50-day moving average price of $7.84 and a 200 day moving average price of $7.97.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.042 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 6.44%.

Western Asset Intermediate Muni Fund Profile

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.