Raymond James Financial Inc. purchased a new stake 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 filing with the SEC. The firm purchased 965,981 shares of the financial services provider's stock, valued at approximately $6,569,000.
Several other institutional investors also recently modified their holdings of MHF. Van ECK Associates Corp increased its holdings in shares of Western Asset Municipal High Income Fund by 4.2% in the 4th quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider's stock worth $761,000 after buying an additional 4,543 shares during the last quarter. Jones Financial Companies Lllp grew its position in Western Asset Municipal High Income Fund by 14.4% in the fourth quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider's stock worth $424,000 after acquiring an additional 7,843 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Western Asset Municipal High Income Fund by 9.4% in the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider's stock valued at $929,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Western Asset Municipal High Income Fund by 9.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider's stock valued at $3,232,000 after purchasing an additional 42,433 shares in the last quarter.
Western Asset Municipal High Income Fund Price Performance
Shares of MHF traded down $0.12 during midday trading on Thursday, reaching $7.48. The stock had a trading volume of 42,697 shares, compared to its average volume of 66,041. The company's 50-day moving average is $7.34 and its 200 day moving average is $7.19. Western Asset Municipal High Income Fund Inc. has a 12-month low of $6.51 and a 12-month high of $7.82.
Western Asset Municipal High Income Fund Announces Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.034 per share. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 5.34%.
Western Asset Municipal High Income Fund Profile
(
Free Report)
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.
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