Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.61 and traded as low as $12.61. Western Asset Investment Grade Income Fund shares last traded at $12.77, with a volume of 10,793 shares.
Western Asset Investment Grade Income Fund Price Performance
The firm has a 50-day moving average of $12.57 and a 200 day moving average of $12.62.
Western Asset Investment Grade Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0525 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, March 24th.
Institutional Investors Weigh In On Western Asset Investment Grade Income Fund
Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Western Asset Investment Grade Income Fund by 35.3% during the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider's stock worth $109,000 after buying an additional 2,267 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Western Asset Investment Grade Income Fund by 6.4% during the fourth quarter. Stifel Financial Corp now owns 33,858 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 2,038 shares during the period. 1607 Capital Partners LLC raised its holdings in Western Asset Investment Grade Income Fund by 34.0% during the fourth quarter. 1607 Capital Partners LLC now owns 662,505 shares of the financial services provider's stock worth $8,288,000 after purchasing an additional 168,193 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Western Asset Investment Grade Income Fund in the fourth quarter worth approximately $574,000. Finally, StoneX Group Inc. bought a new position in Western Asset Investment Grade Income Fund during the 4th quarter valued at $249,000. Institutional investors and hedge funds own 18.99% of the company's stock.
Western Asset Investment Grade Income Fund Company Profile
(
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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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