Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.17 and traded as low as $11.87. Western Asset Investment Grade Income Fund shares last traded at $11.95, with a volume of 13,096 shares trading hands.
Western Asset Investment Grade Income Fund Stock Performance
The company has a 50 day simple moving average of $12.01 and a 200 day simple moving average of $12.17.
Institutional Trading of Western Asset Investment Grade Income Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in PAI. Sit Investment Associates Inc. acquired a new stake in Western Asset Investment Grade Income Fund in the 4th quarter valued at approximately $14,335,000. 1607 Capital Partners LLC increased its position in Western Asset Investment Grade Income Fund by 9.8% in the 4th quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider's stock worth $8,897,000 after purchasing an additional 63,734 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Western Asset Investment Grade Income Fund by 54.7% during the 4th quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider's stock worth $2,340,000 after buying an additional 66,296 shares during the period. Fiera Capital Corp increased its position in shares of Western Asset Investment Grade Income Fund by 44.0% during the fourth quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider's stock valued at $1,663,000 after purchasing an additional 40,732 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 469.6% during the 4th quarter. Wolverine Asset Management LLC now owns 53,564 shares of the financial services provider's stock worth $668,000 after acquiring an additional 44,160 shares during the period. Institutional investors own 18.99% of the company's stock.
Western Asset Investment Grade Income Fund Company Profile
(
Get Free Report)
Western Asset Investment Grade Income Fund NYSE: PAI is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.
The fund's portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.
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