Western Asset Municipal High Income Fund (NYSE:MHF) Stock Passes Below 50 Day Moving Average – What’s Next?

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.92 and traded as low as $6.80. Western Asset Municipal High Income Fund shares last traded at $6.85, with a volume of 94,604 shares traded.

Western Asset Municipal High Income Fund Price Performance

The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $6.91.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a $0.034 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Trading of Western Asset Municipal High Income Fund

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter worth about $43,000. Osaic Holdings Inc. lifted its stake in shares of Western Asset Municipal High Income Fund by 113.9% in the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 3,900 shares during the period. Private Advisor Group LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the 3rd quarter valued at about $73,000. Cetera Investment Advisers acquired a new stake in Western Asset Municipal High Income Fund during the second quarter worth approximately $92,000. Finally, Astoria Portfolio Advisors LLC. bought a new stake in Western Asset Municipal High Income Fund in the fourth quarter worth approximately $119,000.

About Western Asset Municipal High Income Fund

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.