Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Stock Position Lifted by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC boosted its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 75.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 254,432 shares of the financial services provider's stock after buying an additional 109,201 shares during the period. SeaBridge Investment Advisors LLC owned 2.68% of Western Asset Investment Grade Income Fund worth $3,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PAI. Bank of America Corp DE increased its stake in Western Asset Investment Grade Income Fund by 35.3% during the fourth quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock worth $109,000 after acquiring an additional 2,267 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter worth approximately $249,000. Aviance Capital Partners LLC increased its position in shares of Western Asset Investment Grade Income Fund by 24.9% in the 1st quarter. Aviance Capital Partners LLC now owns 29,183 shares of the financial services provider's stock worth $375,000 after purchasing an additional 5,826 shares during the last quarter. Stifel Financial Corp raised its stake in Western Asset Investment Grade Income Fund by 6.4% during the fourth quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after buying an additional 2,038 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at approximately $574,000. 18.99% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Trading Up 0.3%

Shares of NYSE PAI traded up $0.04 during midday trading on Wednesday, hitting $12.73. The company's stock had a trading volume of 19,247 shares, compared to its average volume of 16,065. The firm's fifty day moving average price is $12.55 and its 200-day moving average price is $12.49. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.41 and a 1-year high of $13.66.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 25th will be given a dividend of $0.0525 per share. The ex-dividend date is Thursday, July 24th. This represents a yield of 4.96%.

Western Asset Investment Grade Income Fund Profile

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.