1607 Capital Partners LLC Sells 427,772 Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

1607 Capital Partners LLC reduced its stake in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Free Report) by 94.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,976 shares of the financial services provider's stock after selling 427,772 shares during the quarter. 1607 Capital Partners LLC's holdings in Western Asset Municipal High Income Fund were worth $170,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $6,569,000. Hennion & Walsh Asset Management Inc. raised its position in Western Asset Municipal High Income Fund by 9.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider's stock valued at $3,232,000 after buying an additional 42,433 shares during the last quarter. Collaborative Wealth Managment Inc. bought a new stake in shares of Western Asset Municipal High Income Fund in the fourth quarter worth $133,000. Independent Advisor Alliance bought a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at about $128,000. Finally, PKS Advisory Services LLC bought a new position in Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $95,000.

Western Asset Municipal High Income Fund Stock Performance

MHF remained flat at $6.99 during trading on Friday. 23,694 shares of the company were exchanged, compared to its average volume of 71,539. The business's fifty day moving average price is $7.39 and its 200 day moving average price is $7.18. Western Asset Municipal High Income Fund Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $7.83.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.034 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 5.34%.

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.