Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) declared a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be given a dividend of 0.0525 per share by the financial services provider on Tuesday, July 1st. This represents a dividend yield of 5.07%. The ex-dividend date is Monday, June 23rd.
Western Asset Investment Grade Income Fund Trading Up 0.1%
Western Asset Investment Grade Income Fund stock traded up $0.02 during midday trading on Friday, reaching $12.42. The stock had a trading volume of 8,311 shares, compared to its average volume of 16,216. Western Asset Investment Grade Income Fund has a 12 month low of $11.41 and a 12 month high of $13.18. The firm's 50-day moving average price is $12.32 and its 200 day moving average price is $12.46.
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 boosted its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 35.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.09% of Western Asset Investment Grade Income Fund worth $109,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 18.99% of the company's stock.
About Western Asset Investment Grade Income Fund
(
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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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