Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
Western Asset Investment Grade Income Fund Stock Performance
The company has a 50 day simple moving average of $12.26 and a 200 day simple moving average of $12.46.
Western Asset Investment Grade Income Fund Dividend Announcement
The business also recently disclosed 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. This represents a $0.63 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, August 22nd.
Institutional Trading of Western Asset Investment Grade Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings 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 acquiring an additional 2,267 shares in the last quarter. StoneX Group Inc. acquired a new position in Western Asset Investment Grade Income Fund in the 4th quarter worth about $249,000. Aviance Capital Partners LLC raised its position in Western Asset Investment Grade Income Fund by 12.6% in the fourth 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 stake in shares of Western Asset Investment Grade Income Fund by 6.4% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter valued at about $574,000. 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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