Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.56 and traded as low as $11.99. Western Asset Investment Grade Income Fund shares last traded at $12.05, with a volume of 10,052 shares traded.
Western Asset Investment Grade Income Fund Stock Performance
The firm's 50 day moving average is $12.50 and its 200 day moving average is $12.55.
Western Asset Investment Grade Income Fund Increases Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0525 per share. This represents a dividend yield of 4.91%. The ex-dividend date was Monday, March 24th. This is a positive change from Western Asset Investment Grade Income Fund's previous dividend of $0.05.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC boosted its holdings in Western Asset Investment Grade Income Fund by 34.0% in the fourth quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider's stock worth $8,288,000 after acquiring an additional 168,193 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Western Asset Investment Grade Income Fund by 19.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 255,783 shares of the financial services provider's stock valued at $3,287,000 after purchasing an additional 41,463 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Western Asset Investment Grade Income Fund by 58.7% in the 4th quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock worth $1,940,000 after purchasing an additional 57,376 shares in the last quarter. SeaBridge Investment Advisors LLC grew its position in Western Asset Investment Grade Income Fund by 1.9% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider's stock worth $1,817,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Western Asset Investment Grade Income Fund during the 4th quarter valued at approximately $574,000. 18.99% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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