Raymond James Financial Inc. Purchases New Position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Raymond James Financial Inc. bought a new position in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 965,981 shares of the financial services provider's stock, valued at approximately $6,569,000.

Several other hedge funds have also recently added to or reduced their stakes in MHF. Jones Financial Companies Lllp boosted its holdings in Western Asset Municipal High Income Fund by 14.4% during the fourth quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 7,843 shares in the last quarter. Van ECK Associates Corp grew its position in Western Asset Municipal High Income Fund by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider's stock valued at $761,000 after acquiring an additional 4,543 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Western Asset Municipal High Income Fund by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 125,811 shares of the financial services provider's stock valued at $856,000 after acquiring an additional 1,901 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter worth about $93,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter worth about $128,000.

Western Asset Municipal High Income Fund Price Performance

NYSE:MHF traded up $0.03 on Friday, reaching $7.03. The stock had a trading volume of 38,463 shares, compared to its average volume of 71,724. Western Asset Municipal High Income Fund Inc. has a 1-year low of $6.51 and a 1-year high of $7.83. The stock has a fifty day moving average price of $7.35 and a 200-day moving average price of $7.17.

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. This represents a yield of 5.34%. The ex-dividend date was Monday, March 24th.

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.