Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) declared a dividend on Wednesday, July 16th, investing.com reports. Investors of record on Friday, July 25th will be paid a dividend of 0.0525 per share by the financial services provider on Friday, August 1st. This represents a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, July 24th.
Western Asset Investment Grade Income Fund Stock Performance
Shares of Western Asset Investment Grade Income Fund stock traded up $0.05 during trading on Thursday, reaching $12.76. The stock had a trading volume of 10,608 shares, compared to its average volume of 16,054. The stock has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $12.49. Western Asset Investment Grade Income Fund has a 52 week low of $11.41 and a 52 week high of $13.66.
Institutional Trading of Western Asset Investment Grade Income Fund
An institutional investor recently raised its position in Western Asset Investment Grade Income Fund stock. Bank of America Corp DE raised its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 35.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,694 shares of the financial services provider's stock after buying an additional 2,267 shares during the period. Bank of America Corp DE owned 0.09% of Western Asset Investment Grade Income Fund worth $109,000 at the end of the most recent reporting period. 18.99% of the stock is currently owned by institutional investors and hedge funds.
Western Asset Investment Grade Income Fund Company Profile
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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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