Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) To Go Ex-Dividend on October 23rd

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of 0.071 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, October 23rd.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Western Asset Investment Grade Defined Opportunity Trust stock opened at $15.76 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a fifty-two week low of $15.56 and a fifty-two week high of $17.09. The stock has a 50-day simple moving average of $16.00 and a 200-day simple moving average of $16.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IGI. Comerica Bank grew its position in Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after buying an additional 700 shares during the period. Arax Advisory Partners acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter worth approximately $38,000. Stifel Financial Corp raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.8% during the 4th quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Western Asset Investment Grade Defined Opportunity Trust by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock valued at $503,000 after buying an additional 1,000 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after buying an additional 2,730 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.