United Capital Financial Advisers LLC Decreases Stock Position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

United Capital Financial Advisers LLC cut its holdings in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,577 shares of the financial services provider’s stock after selling 12,669 shares during the quarter. United Capital Financial Advisers LLC owned about 0.25% of Western Asset Municipal High Income Fund worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley raised its stake in Western Asset Municipal High Income Fund by 5.1% in the third quarter. Morgan Stanley now owns 453,433 shares of the financial services provider’s stock valued at $3,378,000 after buying an additional 21,907 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Western Asset Municipal High Income Fund by 6.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 332,996 shares of the financial services provider’s stock worth $2,501,000 after purchasing an additional 20,134 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Western Asset Municipal High Income Fund by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 257,454 shares of the financial services provider’s stock worth $1,934,000 after purchasing an additional 11,091 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Western Asset Municipal High Income Fund by 57.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 115,845 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 42,445 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Western Asset Municipal High Income Fund by 238.5% in the fourth quarter. Guggenheim Capital LLC now owns 113,174 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 79,742 shares during the last quarter.

Shares of NYSE:MHF opened at $7.81 on Thursday. Western Asset Municipal High Income Fund Inc. has a 52-week low of $6.64 and a 52-week high of $8.00. The business has a 50-day moving average price of $7.74 and a 200-day moving average price of $7.55.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 21st will be paid a $0.0218 dividend. This represents a $0.26 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 20th.

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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding MHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Municipal High Income Fund Inc. (NYSE:MHF).

Institutional Ownership by Quarter for Western Asset Municipal High Income Fund (NYSE:MHF)

Receive News & Ratings for Western Asset Municipal High Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Municipal High Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.