Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) passed 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.
Western Asset Investment Grade Income Fund Stock Up 0.0%
The firm has a fifty day moving average price of $12.33 and a two-hundred day moving average price of $12.48.
Western Asset Investment Grade Income Fund Dividend Announcement
The firm 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 $0.0525 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.63 annualized dividend and a dividend yield of 5.09%.
Institutional Investors Weigh In On Western Asset Investment Grade Income Fund
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Western Asset Investment Grade Income Fund by 35.3% in the fourth quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock worth $109,000 after buying an additional 2,267 shares during the period. StoneX Group Inc. bought a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth approximately $249,000. Aviance Capital Partners LLC grew its stake 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 worth $292,000 after purchasing an additional 2,612 shares in the last quarter. Stifel Financial Corp grew its stake in Western Asset Investment Grade Income Fund by 6.4% in the fourth quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock worth $424,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Western Asset Investment Grade Income Fund in the fourth quarter worth 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
(
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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