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 $12.45 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 Price Performance
The firm has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $12.45.
Western Asset Investment Grade Income Fund Announces Dividend
The company also recently announced a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be given a $0.0525 dividend. This represents a yield of 5.07%. The ex-dividend date of this dividend is Monday, June 23rd.
Hedge Funds Weigh In On Western Asset Investment Grade Income Fund
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Western Asset Investment Grade Income Fund by 35.3% in the 4th 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 in the last quarter. StoneX Group Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund in the 4th quarter valued at about $249,000. Aviance Capital Partners LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 12.6% in the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider's stock valued at $292,000 after buying an additional 2,612 shares during the period. Stifel Financial Corp boosted its stake in shares of Western Asset Investment Grade Income Fund by 6.4% in the 4th quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after buying an additional 2,038 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund in the 4th quarter valued at about $574,000. 18.99% of the stock is owned by institutional investors and hedge funds.
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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