Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.48 and traded as low as $12.18. Western Asset Investment Grade Income Fund shares last traded at $12.33, with a volume of 13,142 shares trading hands.
Western Asset Investment Grade Income Fund Trading Up 0.3%
The firm's fifty day moving average price is $12.31 and its 200-day moving average price is $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 issued a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, August 22nd.
Hedge Funds Weigh In On Western Asset Investment Grade Income Fund
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of 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 valued at $109,000 after acquiring an additional 2,267 shares during the period. StoneX Group Inc. bought a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter valued at about $249,000. Aviance Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 12.6% during 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 in the last quarter. Stifel Financial Corp raised 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. bought a new stake in shares of Western Asset Investment Grade Income Fund during the fourth quarter valued at about $574,000. Institutional investors and hedge funds 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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