Janney Montgomery Scott LLC bought a new position in shares of Western Asset Municipal Hgh Incm Fnd Inc (NYSE:MHF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,662 shares of the financial services provider’s stock, valued at approximately $153,000. Janney Montgomery Scott LLC owned 0.10% of Western Asset Municipal Hgh Incm Fnd as of its most recent SEC filing.
Separately, First Trust Advisors LP raised its position in shares of Western Asset Municipal Hgh Incm Fnd by 48.5% during the second quarter. First Trust Advisors LP now owns 27,023 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 8,823 shares during the period. Institutional investors own 14.02% of the company’s stock.
Shares of Western Asset Municipal Hgh Incm Fnd stock opened at $7.13 on Friday. Western Asset Municipal Hgh Incm Fnd Inc has a 12-month low of $6.86 and a 12-month high of $7.49.
The business also recently announced a monthly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 21st will be given a dividend of $0.0255 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Thursday, December 20th.
Western Asset Municipal Hgh Incm Fnd 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.
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