Melfa Wealth Management Inc. Has $349,000 Stake in Western Asset Intermediate Muni Fund Inc. $SBI

Melfa Wealth Management Inc. grew its holdings in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 34.4% in the 2nd quarter, Holdings Channel reports. The fund owned 46,347 shares of the company’s stock after buying an additional 11,850 shares during the period. Melfa Wealth Management Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SBI. Farther Finance Advisors LLC acquired a new position in Western Asset Intermediate Muni Fund during the first quarter worth about $28,000. Moors & Cabot Inc. acquired a new position in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $87,000. Concorde Asset Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $90,000. Northwest Financial Advisors acquired a new position in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $105,000. Finally, Royal Bank of Canada increased its stake in shares of Western Asset Intermediate Muni Fund by 13.5% in the first quarter. Royal Bank of Canada now owns 30,278 shares of the company’s stock valued at $236,000 after buying an additional 3,600 shares during the period.

Western Asset Intermediate Muni Fund Stock Up 0.1%

Western Asset Intermediate Muni Fund stock opened at $7.88 on Tuesday. The business has a 50 day moving average of $7.72 and a 200-day moving average of $7.62. Western Asset Intermediate Muni Fund Inc. has a 1 year low of $7.30 and a 1 year high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 6.4%.

About Western Asset Intermediate Muni Fund

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.