Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.44 and traded as low as $12.15. Western Asset Investment Grade Income Fund shares last traded at $12.1830, with a volume of 11,190 shares trading hands.
Western Asset Investment Grade Income Fund Trading Down 0.3%
The firm's 50 day moving average is $12.27 and its two-hundred day moving average is $12.44.
Western Asset Investment Grade Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.0525 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 5.2%.
Institutional Trading of Western Asset Investment Grade Income Fund
Several hedge funds have recently modified their holdings of PAI. Shaker Financial Services LLC grew its stake in Western Asset Investment Grade Income Fund by 413.8% during the 3rd quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider's stock worth $735,000 after purchasing an additional 45,971 shares in the last quarter. Sit Investment Associates Inc. acquired a new stake in Western Asset Investment Grade Income Fund in the 4th quarter valued at about $14,335,000. 1607 Capital Partners LLC raised its position in Western Asset Investment Grade Income Fund by 9.8% in the 4th quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider's stock valued at $8,897,000 after purchasing an additional 63,734 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Western Asset Investment Grade Income Fund by 44.0% in the 4th quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider's stock valued at $1,663,000 after buying an additional 40,732 shares during the period. Finally, Aviance Capital Partners LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 38,064 shares of the financial services provider's stock valued at $475,000 after buying an additional 1,431 shares during the period. 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 Investment Grade Income Fund NYSE: PAI is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.
The fund's portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.
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