PAI vs. AWF, ASA, DMF, DSM, LEO, EVN, FT, VPV, JHS, and MXE
Should you be buying Western Asset Investment Grade Income Fund stock or one of its competitors? The main competitors of Western Asset Investment Grade Income Fund include AllianceBernstein Global High Income Fund (AWF), ASA Gold and Precious Metals (ASA), BNY Mellon Municipal Income (DMF), BNY Mellon Strategic Municipal Bond Fund (DSM), BNY Mellon Strategic Municipals (LEO), Eaton Vance Municipal Income Trust (EVN), Franklin Universal Trust (FT), Invesco Pennsylvania Value Municipal Income Trust (VPV), John Hancock Income Securities Trust (JHS), and Mexico Equity & Income Fund (MXE). These companies are all part of the "investment offices, not elsewhere classified" industry.
AllianceBernstein Global High Income Fund (NYSE:AWF) and Western Asset Investment Grade Income Fund (NYSE:PAI) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, risk, analyst recommendations, earnings, valuation, profitability, institutional ownership and community ranking.
In the previous week, AllianceBernstein Global High Income Fund had 2 more articles in the media than Western Asset Investment Grade Income Fund. MarketBeat recorded 2 mentions for AllianceBernstein Global High Income Fund and 0 mentions for Western Asset Investment Grade Income Fund. Western Asset Investment Grade Income Fund's average media sentiment score of 0.00 equaled AllianceBernstein Global High Income Fund'saverage media sentiment score.
19.0% of Western Asset Investment Grade Income Fund shares are held by institutional investors. 1.0% of AllianceBernstein Global High Income Fund shares are held by insiders. Comparatively, 1.0% of Western Asset Investment Grade Income Fund shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
AllianceBernstein Global High Income Fund has a beta of 0.78, suggesting that its stock price is 22% less volatile than the S&P 500. Comparatively, Western Asset Investment Grade Income Fund has a beta of 0.51, suggesting that its stock price is 49% less volatile than the S&P 500.
AllianceBernstein Global High Income Fund received 14 more outperform votes than Western Asset Investment Grade Income Fund when rated by MarketBeat users. Likewise, 67.38% of users gave AllianceBernstein Global High Income Fund an outperform vote while only 61.54% of users gave Western Asset Investment Grade Income Fund an outperform vote.
AllianceBernstein Global High Income Fund pays an annual dividend of $0.85 per share and has a dividend yield of 8.1%. Western Asset Investment Grade Income Fund pays an annual dividend of $0.57 per share and has a dividend yield of 4.7%. Western Asset Investment Grade Income Fund has raised its dividend for 2 consecutive years.
Summary
AllianceBernstein Global High Income Fund beats Western Asset Investment Grade Income Fund on 5 of the 7 factors compared between the two stocks.
Get Western Asset Investment Grade Income Fund News Delivered to You Automatically
Sign up to receive the latest news and ratings for PAI and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding PAI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Western Asset Investment Grade Income Fund Competitors List
Related Companies and Tools
