1607 Capital Partners LLC raised its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 662,505 shares of the financial services provider's stock after acquiring an additional 168,193 shares during the period. 1607 Capital Partners LLC owned approximately 6.97% of Western Asset Investment Grade Income Fund worth $8,288,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. StoneX Group Inc. purchased a new position in Western Asset Investment Grade Income Fund during the fourth quarter worth about $249,000. Aviance Capital Partners LLC raised its position in shares of Western Asset Investment Grade Income Fund by 12.6% in the fourth 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 stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter worth $574,000. SeaBridge Investment Advisors LLC increased its holdings 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 last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Western Asset Investment Grade Income Fund by 58.7% in the 4th quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider's stock valued at $1,940,000 after buying an additional 57,376 shares during the period. 18.99% of the stock is owned by hedge funds and other institutional investors.
Western Asset Investment Grade Income Fund Stock Performance
Shares of NYSE PAI traded down $0.15 during mid-day trading on Monday, reaching $11.94. The company had a trading volume of 5,532 shares, compared to its average volume of 17,494. The company has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $12.55. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.41 and a 1-year high of $13.18.
Western Asset Investment Grade Income Fund Increases Dividend
The firm 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 is a positive change from Western Asset Investment Grade Income Fund's previous dividend of $0.05. This represents a yield of 4.91%. The ex-dividend date was Monday, March 24th.
Western Asset Investment Grade Income Fund 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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