Rivernorth Capital Management LLC Sells 788,766 Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Rivernorth Capital Management LLC reduced its position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 86.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 121,437 shares of the financial services provider’s stock after selling 788,766 shares during the period. Rivernorth Capital Management LLC’s holdings in Western Asset Municipal High Income Fund were worth $878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MHF. Commonwealth Equity Services LLC increased its position in shares of Western Asset Municipal High Income Fund by 18.3% in the second quarter. Commonwealth Equity Services LLC now owns 34,417 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 5,331 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the second quarter worth $66,000. Rockefeller Capital Management L.P. increased its holdings in shares of Western Asset Municipal High Income Fund by 9.4% during the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock worth $929,000 after buying an additional 11,000 shares in the last quarter. Comerica Bank acquired a new position in Western Asset Municipal High Income Fund in the 1st quarter valued at approximately $102,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund during the third quarter valued at $139,000.

Western Asset Municipal High Income Fund Stock Performance

Shares of NYSE MHF opened at $7.04 on Friday. Western Asset Municipal High Income Fund Inc. has a 52-week low of $6.32 and a 52-week high of $7.39. The company’s 50 day moving average price is $7.13 and its 200-day moving average price is $7.04.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.034 per share. The ex-dividend date of this dividend is Monday, December 23rd.

About Western Asset Municipal High Income Fund

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.