Western Asset Municipal High Income Fund (NYSE:MHF) Trading 0.2% Higher - What's Next?

Key Points

• The Western Asset Municipal High Income Fund (NYSE:MHF) experienced a slight increase of 0.2%, trading at $6.85 with a high of $6.91 during mid-day trading.
• Investors recently received a $0.034 dividend on August 1, representing a remarkable yield of 595.0% based on shares issued to investors of record on July 25.
• Several institutional investors, including Prospera Financial Services Inc. and Northwestern Mutual Wealth Management Co., have significantly increased their stakes in the fund during recent trading quarters.

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - ) was up 0.2% during mid-day trading on Wednesday . The company traded as high as $6.91 and last traded at $6.85. Approximately 59,867 shares were traded during trading, a decline of 29% from the average daily volume of 84,890 shares. The stock had previously closed at $6.83.

Western Asset Municipal High Income Fund Stock Up 0.2%

The company has a 50 day moving average of $6.91 and a 200-day moving average of $7.16.

Western Asset Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 25th were issued a $0.034 dividend. This represents a yield of 595.0%. The ex-dividend date was Thursday, July 24th.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MHF. Prospera Financial Services Inc boosted its stake in Western Asset Municipal High Income Fund by 6.6% during the second quarter. Prospera Financial Services Inc now owns 153,411 shares of the financial services provider's stock worth $1,066,000 after buying an additional 9,481 shares during the period. Stratos Wealth Partners LTD. bought a new position in Western Asset Municipal High Income Fund during the 2nd quarter valued at about $190,000. Wealthcare Advisory Partners LLC raised its position in Western Asset Municipal High Income Fund by 16.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 20,850 shares of the financial services provider's stock worth $145,000 after purchasing an additional 3,000 shares during the period. ORG Wealth Partners LLC lifted its stake in Western Asset Municipal High Income Fund by 11.6% in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Western Asset Municipal High Income Fund by 131.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 29,228 shares of the financial services provider's stock valued at $217,000 after buying an additional 16,622 shares during the period.

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.

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