Parametric Portfolio Associates LLC Boosts Stock Holdings in Western Asset Intermediate Muni Fund Inc (NYSE:SBI)

Parametric Portfolio Associates LLC increased its position in shares of Western Asset Intermediate Muni Fund Inc (NYSE:SBI) by 26.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,764 shares of the company’s stock after purchasing an additional 38,824 shares during the period. Parametric Portfolio Associates LLC’s holdings in Western Asset Intermediate Muni Fund were worth $1,583,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Western Asset Intermediate Muni Fund by 12.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 305,242 shares of the company’s stock worth $2,573,000 after purchasing an additional 32,913 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 23.7% during the first quarter. Commonwealth Equity Services LLC now owns 290,124 shares of the company’s stock worth $2,445,000 after purchasing an additional 55,519 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Western Asset Intermediate Muni Fund by 346.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 250,203 shares of the company’s stock worth $2,272,000 after purchasing an additional 194,117 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Western Asset Intermediate Muni Fund by 19.7% during the first quarter. Whittier Trust Co. now owns 241,706 shares of the company’s stock worth $2,038,000 after purchasing an additional 39,758 shares in the last quarter. Finally, Ackerman Capital Advisors LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 113.4% during the fourth quarter. Ackerman Capital Advisors LLC now owns 220,402 shares of the company’s stock worth $2,002,000 after purchasing an additional 117,131 shares in the last quarter.

Shares of SBI stock opened at $8.65 on Wednesday. The firm has a fifty day moving average price of $8.47 and a 200 day moving average price of $8.82. Western Asset Intermediate Muni Fund Inc has a 12 month low of $7.31 and a 12 month high of $9.77.

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 24th will be paid a dividend of $0.0235 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.26%.

Western Asset Intermediate Muni Fund Profile

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.

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Institutional Ownership by Quarter for Western Asset Intermediate Muni Fund (NYSE:SBI)

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