Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Director Anthony Grillo Acquires 1,500 Shares

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) Director Anthony Grillo acquired 1,500 shares of Western Asset Municipal High Income Fund stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $7.10 per share, for a total transaction of $10,650.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $10,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Western Asset Municipal High Income Fund Trading Up 0.1%

Shares of NYSE MHF traded up $0.01 during trading on Friday, reaching $6.97. The company had a trading volume of 45,513 shares, compared to its average volume of 68,630. The company's fifty day moving average price is $7.22 and its 200-day moving average price is $7.20. Western Asset Municipal High Income Fund Inc. has a 12 month low of $6.55 and a 12 month high of $7.83.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be given a $0.034 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 5.85%.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors have recently made changes to their positions in MHF. Raymond James Financial Inc. bought a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at about $6,569,000. ORG Wealth Partners LLC grew its position in shares of Western Asset Municipal High Income Fund by 2,713.5% in the 1st quarter. ORG Wealth Partners LLC now owns 70,562 shares of the financial services provider's stock valued at $522,000 after buying an additional 68,054 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Western Asset Municipal High Income Fund in the 1st quarter valued at about $475,000. Collaborative Wealth Managment Inc. bought a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at about $133,000. Finally, Independent Advisor Alliance bought a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at about $128,000.

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.