Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.46 and traded as low as $12.42. Western Asset Investment Grade Income Fund shares last traded at $12.48, with a volume of 21,997 shares changing hands.
Western Asset Investment Grade Income Fund Stock Performance
The business's 50-day moving average is $12.29 and its two-hundred day moving average is $12.46.
Western Asset Investment Grade Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors 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 yield of 5.07%.
Hedge Funds Weigh In On Western Asset Investment Grade Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Western Asset Investment Grade Income Fund by 35.3% during the fourth quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock worth $109,000 after acquiring an additional 2,267 shares during the last quarter. StoneX Group Inc. acquired a new position in Western Asset Investment Grade Income Fund in the 4th quarter valued at about $249,000. Aviance Capital Partners LLC boosted its holdings in Western Asset Investment Grade Income Fund by 12.6% in the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider's stock valued at $292,000 after purchasing an additional 2,612 shares during the last quarter. Stifel Financial Corp boosted its holdings in Western Asset Investment Grade Income Fund by 6.4% in the 4th quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Western Asset Investment Grade Income Fund in the 4th quarter valued at about $574,000. 18.99% of the stock is currently owned by institutional investors and hedge funds.
Western Asset Investment Grade Income Fund Company Profile
(
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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