Guggenheim Capital LLC Sells 26,220 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Guggenheim Capital LLC reduced its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,069 shares of the financial services provider's stock after selling 26,220 shares during the period. Guggenheim Capital LLC owned about 2.02% of Western Asset Investment Grade Income Fund worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PAI. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at about $574,000. StoneX Group Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter valued at $249,000. Aviance Capital Partners LLC boosted 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 purchasing an additional 2,612 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Western Asset Investment Grade Income Fund by 58.7% in the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock worth $1,940,000 after acquiring an additional 57,376 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 1.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider's stock worth $1,817,000 after purchasing an additional 2,663 shares in the last quarter. Institutional investors and hedge funds own 18.99% of the company's stock.

Western Asset Investment Grade Income Fund Stock Up 1.0 %

Shares of NYSE PAI traded up $0.12 during mid-day trading on Wednesday, reaching $12.09. 12,714 shares of the company's stock traded hands, compared to its average volume of 17,402. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.41 and a 1-year high of $13.18. The business has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $12.54.

Western Asset Investment Grade Income Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.0525 dividend. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Western Asset Investment Grade Income Fund's previous dividend of $0.05.

Western Asset Investment Grade Income Fund Profile

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.