Hennion & Walsh Asset Management Inc. Reduces Holdings in Western Asset Municipal High Income Fund Inc. $MHF

Hennion & Walsh Asset Management Inc. reduced its position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 41.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 180,539 shares of the financial services provider’s stock after selling 127,422 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.81% of Western Asset Municipal High Income Fund worth $1,264,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MHF. Steward Partners Investment Advisory LLC lifted its stake in Western Asset Municipal High Income Fund by 24.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 3,452 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Western Asset Municipal High Income Fund by 17.0% during the fourth quarter. LPL Financial LLC now owns 389,642 shares of the financial services provider’s stock worth $2,681,000 after buying an additional 56,526 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at $261,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Western Asset Municipal High Income Fund by 16.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 40,097 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 5,680 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter valued at $73,000.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF stock opened at $6.89 on Thursday. Western Asset Municipal High Income Fund Inc. has a twelve month low of $6.63 and a twelve month high of $7.64. The stock’s fifty day simple moving average is $6.93 and its 200 day simple moving average is $6.92.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.034 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, November 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.