Western Asset Municipal High Income Fund (NYSE:MHF) Stock Price Down 0.3% – What’s Next?

Western Asset Municipal High Income Fund Inc. (NYSE:MHF)’s stock price traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $6.80 and last traded at $6.81. 59,701 shares were traded during trading, an increase of 5% from the average session volume of 56,710 shares. The stock had previously closed at $6.83.

Western Asset Municipal High Income Fund Stock Up 0.3%

The business has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $6.92.

Western Asset Municipal High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.034 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Western Asset Municipal High Income Fund by 441.2% in the first quarter. Royal Bank of Canada now owns 50,356 shares of the financial services provider’s stock worth $349,000 after buying an additional 41,052 shares during the period. Redwood Family Wealth LLC purchased a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at $177,000. Astoria Portfolio Advisors LLC. purchased a new stake in Western Asset Municipal High Income Fund during the 4th quarter valued at $119,000. XTX Topco Ltd bought a new stake in Western Asset Municipal High Income Fund in the 4th quarter worth $151,000. Finally, Fortitude Advisory Group L.L.C. grew its holdings in Western Asset Municipal High Income Fund by 20.5% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 27,652 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 4,702 shares during the last quarter.

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.