Western Asset Investment Grade Income Fund Inc. (PAI) To Go Ex-Dividend on December 31st

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) declared a monthly dividend on Thursday, November 20th. Investors of record on Wednesday, December 31st will be given a dividend of 0.0525 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, December 31st.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock opened at $12.62 on Monday. Western Asset Investment Grade Income Fund has a fifty-two week low of $11.41 and a fifty-two week high of $13.66. The firm’s fifty day moving average price is $12.47 and its 200-day moving average price is $12.65.

Institutional Trading of Western Asset Investment Grade Income Fund

Hedge funds have recently bought and sold shares of the company. 1607 Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 0.6% during the first quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock worth $8,563,000 after acquiring an additional 3,900 shares in the last quarter. SeaBridge Investment Advisors LLC raised its position in Western Asset Investment Grade Income Fund by 16.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock worth $3,846,000 after purchasing an additional 41,842 shares during the period. Jones Financial Companies Lllp lifted its stake in Western Asset Investment Grade Income Fund by 6.4% in the third quarter. Jones Financial Companies Lllp now owns 187,621 shares of the financial services provider’s stock worth $2,387,000 after purchasing an additional 11,267 shares during the last quarter. Fiera Capital Corp boosted its position in Western Asset Investment Grade Income Fund by 8.9% during the third quarter. Fiera Capital Corp now owns 92,491 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 7,530 shares during the period. Finally, Shaker Financial Services LLC grew its stake in shares of Western Asset Investment Grade Income Fund by 413.8% during the third quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider’s stock valued at $735,000 after buying an additional 45,971 shares during the last quarter. Institutional investors own 18.99% of the company’s stock.

About Western Asset Investment Grade Income Fund

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.