Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,069 shares of the financial services provider's stock after selling 26,220 shares during the period. Guggenheim Capital LLC owned 2.02% of Western Asset Investment Grade Income Fund worth $2,403,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Western Asset Investment Grade Income Fund by 58.7% during the 4th quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock valued at $1,940,000 after buying an additional 57,376 shares in the last quarter. Raymond James Financial Inc. bought a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth approximately $574,000. Hennion & Walsh Asset Management Inc. lifted its position in Western Asset Investment Grade Income Fund by 24.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider's stock valued at $2,681,000 after purchasing an additional 42,107 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at about $249,000. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Western Asset Investment Grade Income Fund by 1.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider's stock worth $1,817,000 after purchasing an additional 2,663 shares during the period. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Trading Up 0.1 %

PAI traded up $0.02 during trading on Friday, reaching $12.27. 6,583 shares of the company traded hands, compared to its average volume of 17,330. The firm has a fifty day simple moving average of $12.46 and a 200 day simple moving average of $12.53. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.0525 dividend. This is a boost from Western Asset Investment Grade Income Fund's previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 4.91%.

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.