Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.47 and traded as low as $12.36. Western Asset Investment Grade Income Fund shares last traded at $12.37, with a volume of 19,271 shares traded.
Western Asset Investment Grade Income Fund Price Performance
The company has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $12.47.
Western Asset Investment Grade Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be given a dividend of $0.0525 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.07%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Western Asset Investment Grade Income Fund by 35.3% during the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock valued at $109,000 after buying an additional 2,267 shares during 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 $249,000. Aviance Capital Partners LLC lifted its position 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 valued at $292,000 after buying an additional 2,612 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Western Asset Investment Grade Income Fund by 6.4% during the 4th quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after buying an additional 2,038 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at $574,000. Hedge funds and other institutional investors own 18.99% of the company's stock.
About Western Asset Investment Grade Income Fund
(
Get 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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