Western Asset Intermediate Muni Fund (NYSE:SBI) Shares Cross Below 50 Day Moving Average of $7.58

Posted by Defense World Staff on Sep 12th, 2023

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.58 and traded as low as $7.35. Western Asset Intermediate Muni Fund shares last traded at $7.35, with a volume of 43,942 shares changing hands.

Western Asset Intermediate Muni Fund Trading Down 0.7 %

The stock has a 50-day moving average of $7.58 and a 200 day moving average of $7.68.

Western Asset Intermediate Muni Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be given a dividend of $0.0235 per share. The ex-dividend date is Thursday, September 21st.

Institutional Trading of Western Asset Intermediate Muni Fund

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in Western Asset Intermediate Muni Fund in the second quarter worth $39,000. US Bancorp DE increased its position in Western Asset Intermediate Muni Fund by 1,230.8% in the first quarter. US Bancorp DE now owns 7,000 shares of the company’s stock worth $55,000 after buying an additional 6,474 shares during the last quarter. MML Investors Services LLC purchased a new stake in Western Asset Intermediate Muni Fund in the second quarter worth $80,000. Dearborn Partners LLC purchased a new stake in Western Asset Intermediate Muni Fund in the third quarter worth $77,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Western Asset Intermediate Muni Fund in the fourth quarter worth $82,000.

Western Asset Intermediate Muni Fund Company Profile

(Get Free Report)

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.