StoneX Group Inc. bought a new position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,940 shares of the financial services provider's stock, valued at approximately $249,000. StoneX Group Inc. owned approximately 0.21% of Western Asset Investment Grade Income Fund at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Aviance Capital Partners LLC grew 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 valued at $292,000 after buying an additional 2,612 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $574,000. Jones Financial Companies Lllp grew its holdings in shares of Western Asset Investment Grade Income Fund by 58.7% during the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock valued at $1,940,000 after purchasing an additional 57,376 shares during the last quarter. SeaBridge Investment Advisors LLC raised its position in shares of 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. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Western Asset Investment Grade Income Fund by 24.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider's stock worth $2,681,000 after purchasing an additional 42,107 shares during the last quarter. 18.99% of the stock is currently owned by institutional investors.
Western Asset Investment Grade Income Fund Price Performance
PAI traded down $0.45 during trading on Friday, reaching $12.18. 30,837 shares of the company were exchanged, compared to its average volume of 17,382. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $11.65 and a 52 week high of $13.18. The firm has a 50 day moving average of $12.66 and a 200 day moving average of $12.62.
Western Asset Investment Grade Income Fund Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued 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 a boost from Western Asset Investment Grade Income Fund's previous dividend of $0.05.
Western Asset Investment Grade Income Fund Company Profile
(
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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