Hennion & Walsh Asset Management Inc. Has $2.42 Million Stock Holdings in Western Asset Municipal High Income Fund Inc. $MHF

Hennion & Walsh Asset Management Inc. trimmed its stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 22.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,222 shares of the financial services provider’s stock after selling 99,727 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.55% of Western Asset Municipal High Income Fund worth $2,424,000 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 the stock. Raymond James Financial Inc. grew its stake in shares of Western Asset Municipal High Income Fund by 8.9% in the second quarter. Raymond James Financial Inc. now owns 1,035,945 shares of the financial services provider’s stock valued at $7,200,000 after buying an additional 84,431 shares in the last quarter. Bank of America Corp DE grew its position in shares of Western Asset Municipal High Income Fund by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 582,865 shares of the financial services provider’s stock valued at $4,051,000 after acquiring an additional 30,265 shares during the period. Guggenheim Capital LLC increased its stake in shares of Western Asset Municipal High Income Fund by 24.0% during the 2nd quarter. Guggenheim Capital LLC now owns 505,298 shares of the financial services provider’s stock worth $3,512,000 after purchasing an additional 97,670 shares during the last quarter. Prospera Financial Services Inc lifted its stake in Western Asset Municipal High Income Fund by 6.6% in the 2nd quarter. Prospera Financial Services Inc now owns 153,411 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 9,481 shares during the last quarter. Finally, ORG Wealth Partners LLC grew its holdings in Western Asset Municipal High Income Fund by 11.6% during the second quarter. ORG Wealth Partners LLC now owns 78,774 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 8,212 shares during the period.

Western Asset Municipal High Income Fund Price Performance

Shares of NYSE MHF opened at $6.90 on Thursday. The business’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.00. Western Asset Municipal High Income Fund Inc. has a twelve month low of $6.61 and a twelve month high of $7.82.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.034 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Municipal High Income Fund Profile

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.