Allspring Global Investments Holdings LLC cut its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 81.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,714 shares of the financial services provider's stock after selling 118,680 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.29% of Western Asset Investment Grade Income Fund worth $356,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in PAI. 1607 Capital Partners LLC grew its stake in shares of Western Asset Investment Grade Income Fund by 34.0% in the 4th quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider's stock valued at $8,288,000 after buying an additional 168,193 shares during the period. Raymond James Financial Inc. acquired a new position in Western Asset Investment Grade Income Fund during the 4th quarter valued at about $574,000. Hennion & Walsh Asset Management Inc. boosted its stake in Western Asset Investment Grade Income Fund by 19.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 255,783 shares of the financial services provider's stock valued at $3,287,000 after purchasing an additional 41,463 shares during the last quarter. StoneX Group Inc. acquired a new position in Western Asset Investment Grade Income Fund during the 4th quarter valued at about $249,000. Finally, Bank of America Corp DE boosted its stake in Western Asset Investment Grade Income Fund by 35.3% during the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 2,267 shares during the last quarter. 18.99% of the stock is currently owned by institutional investors and hedge funds.
Western Asset Investment Grade Income Fund Price Performance
PAI stock traded down $0.05 during mid-day trading on Monday, reaching $12.97. 6,214 shares of the company traded hands, compared to its average volume of 16,090. Western Asset Investment Grade Income Fund Inc. has a fifty-two week low of $11.41 and a fifty-two week high of $13.66. The firm's 50 day moving average price is $12.53 and its 200 day moving average price is $12.48.
Western Asset Investment Grade Income Fund Announces Dividend
The business also recently declared a dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a dividend of $0.0525 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a yield of 5.07%.
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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