Wolverine Asset Management LLC Acquires New Holdings in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Wolverine Asset Management LLC bought a new stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,563 shares of the financial services provider’s stock, valued at approximately $171,000.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter worth approximately $29,000. Signaturefd LLC bought a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth approximately $39,000. ORG Partners LLC lifted its position in Western Asset Municipal High Income Fund by 24.0% in the third quarter. ORG Partners LLC now owns 64,528 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 12,478 shares during the period. Robinson Capital Management LLC boosted its stake in Western Asset Municipal High Income Fund by 7.2% during the 3rd quarter. Robinson Capital Management LLC now owns 272,776 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 18,275 shares in the last quarter. Finally, AQR Arbitrage LLC increased its position in shares of Western Asset Municipal High Income Fund by 69.7% during the 3rd quarter. AQR Arbitrage LLC now owns 93,248 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 38,311 shares during the period.

Western Asset Municipal High Income Fund Price Performance

MHF opened at $6.80 on Friday. The stock’s fifty day moving average is $6.71 and its 200-day moving average is $6.47. Western Asset Municipal High Income Fund Inc. has a one year low of $5.92 and a one year high of $6.92.

Western Asset Municipal High Income Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a $0.034 dividend. The ex-dividend date is Wednesday, May 22nd. This is a boost from Western Asset Municipal High Income Fund’s previous dividend of $0.02.

Western Asset Municipal High Income Fund 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.