Western Asset Municipal High Income Fund (NYSE:MHF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Western Asset Municipal High Income Fund Inc. (NYSE:MHF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.17 and traded as low as $6.96. Western Asset Municipal High Income Fund shares last traded at $7.0350, with a volume of 99,891 shares traded.

Western Asset Municipal High Income Fund Price Performance

The stock’s 50-day simple moving average is $7.17 and its 200-day simple moving average is $7.05.

Institutional Trading of Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC lifted its holdings in Western Asset Municipal High Income Fund by 68.8% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 4,220 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,720 shares during the period. Osaic Holdings Inc. grew its stake in Western Asset Municipal High Income Fund by 113.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 3,900 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter valued at $71,000. Cetera Investment Advisers purchased a new stake in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at $92,000. Finally, World Investment Advisors bought a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter worth $101,000.

Western Asset Municipal High Income Fund Company 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.