Western Asset Municipal High Income Fund (NYSE:MHF) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF) crossed below its 50-day moving average during trading on Thursday . 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 $6.83, with a volume of 28,925 shares trading hands.

Western Asset Municipal High Income Fund Price Performance

The company has a 50-day moving average price of $6.92 and a 200-day moving average price of $6.92.

Western Asset Municipal High Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MHF. Kestra Advisory Services LLC bought a new stake in shares of Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $43,000. Osaic Holdings Inc. increased its position in Western Asset Municipal High Income Fund by 113.9% during the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,900 shares during the period. Private Advisor Group LLC acquired a new position in Western Asset Municipal High Income Fund during the 3rd quarter valued at $73,000. Cetera Investment Advisers acquired a new position in Western Asset Municipal High Income Fund during the 2nd quarter valued at $92,000. Finally, Astoria Portfolio Advisors LLC. acquired a new position in Western Asset Municipal High Income Fund during the 4th quarter valued at $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.