Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.45 and traded as low as $12.35. Western Asset Investment Grade Income Fund shares last traded at $12.48, with a volume of 26,009 shares changing hands.
Western Asset Investment Grade Income Fund Trading Up 1.1%
The company has a fifty day moving average of $12.38 and a two-hundred day moving average of $12.45.
Western Asset Investment Grade Income Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be paid a $0.0525 dividend. The ex-dividend date is Monday, June 23rd. This represents a yield of 5.07%.
Institutional Trading of Western Asset Investment Grade Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp increased 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 during the period. Bank of America Corp DE increased its stake in 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 purchasing an additional 2,267 shares during the period. Aviance Capital Partners LLC grew its position in shares of Western Asset Investment Grade Income Fund by 12.6% during the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider's stock worth $292,000 after buying an additional 2,612 shares in the last quarter. 1607 Capital Partners LLC grew its position in shares of Western Asset Investment Grade Income Fund by 0.6% during the 1st quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider's stock worth $8,563,000 after buying an additional 3,900 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth $249,000. Hedge funds and other institutional investors own 18.99% of the company's stock.
About Western Asset Investment Grade Income Fund
(
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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.
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