Hennion & Walsh Asset Management Inc. increased its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,783 shares of the financial services provider's stock after buying an additional 41,463 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 2.69% of Western Asset Investment Grade Income Fund worth $3,287,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings 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 period. StoneX Group Inc. purchased a new stake in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at $249,000. Aviance Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 12.6% during the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider's stock worth $292,000 after purchasing an additional 2,612 shares during the period. Stifel Financial Corp boosted its holdings in shares of Western Asset Investment Grade Income Fund by 6.4% in the 4th quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock worth $424,000 after buying an additional 2,038 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Western Asset Investment Grade Income Fund during the fourth quarter valued at about $574,000. 18.99% of the stock is currently owned by institutional investors.
Western Asset Investment Grade Income Fund Stock Performance
PAI stock traded down $0.08 during mid-day trading on Friday, hitting $12.35. The company had a trading volume of 17,714 shares, compared to its average volume of 16,184. The stock's fifty day moving average price is $12.27 and its two-hundred day moving average price is $12.46. Western Asset Investment Grade Income Fund Inc. has a 12 month low of $11.41 and a 12 month high of $13.18.
Western Asset Investment Grade Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, August 22nd.
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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