Allspring Global Investments Holdings LLC cut its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 81.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,714 shares of the financial services provider's stock after selling 118,680 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.29% of Western Asset Investment Grade Income Fund worth $356,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 1607 Capital Partners LLC boosted its holdings in Western Asset Investment Grade Income Fund by 34.0% in the fourth quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider's stock valued at $8,288,000 after purchasing an additional 168,193 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Western Asset Investment Grade Income Fund by 19.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 255,783 shares of the financial services provider's stock valued at $3,287,000 after acquiring an additional 41,463 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $574,000. Stifel Financial Corp boosted its holdings in shares of Western Asset Investment Grade Income Fund by 6.4% in the fourth quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 2,038 shares during the period. Finally, StoneX Group Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $249,000. 18.99% of the stock is owned by institutional investors and hedge funds.
Western Asset Investment Grade Income Fund Price Performance
Shares of PAI stock traded down $0.05 during trading hours on Friday, hitting $12.97. The stock had a trading volume of 7,375 shares, compared to its average volume of 16,099. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $11.41 and a twelve month high of $13.66. The stock's 50 day moving average is $12.53 and its 200 day moving average is $12.48.
Western Asset Investment Grade Income Fund Announces Dividend
The firm also recently announced a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.0525 dividend. This represents a yield of 5.07%. The ex-dividend date of this dividend was Monday, June 23rd.
Western Asset Investment Grade Income Fund Company Profile
(
Free Report)
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.
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