Jones Financial Companies Lllp lifted its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,099 shares of the financial services provider's stock after acquiring an additional 57,376 shares during the period. Jones Financial Companies Lllp owned approximately 1.63% of Western Asset Investment Grade Income Fund worth $1,940,000 as of its most recent SEC filing.
Separately, SeaBridge Investment Advisors LLC boosted its position in Western Asset Investment Grade Income Fund by 1.9% during 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 during the period. 18.99% of the stock is currently owned by institutional investors.
Western Asset Investment Grade Income Fund Stock Down 0.4 %
NYSE PAI traded down $0.05 during trading hours on Monday, hitting $12.40. The company had a trading volume of 23,235 shares, compared to its average volume of 18,516. The firm's 50 day moving average is $12.52 and its 200 day moving average is $12.61. Western Asset Investment Grade Income Fund Inc. has a fifty-two week low of $11.65 and a fifty-two week high of $13.18.
Western Asset Investment Grade Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.0525 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.63 annualized dividend and a dividend yield of 5.08%.
About Western Asset Investment Grade Income Fund
(
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.
Recommended Stories
Before you consider Western Asset Investment Grade Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Asset Investment Grade Income Fund wasn't on the list.
While Western Asset Investment Grade Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
