Western Asset Investment Grade Income Fund (NYSE:PAI) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.65 and traded as low as $12.38. Western Asset Investment Grade Income Fund shares last traded at $12.4940, with a volume of 49,557 shares.

Western Asset Investment Grade Income Fund Trading Up 0.2%

The company has a 50-day moving average price of $12.50 and a 200-day moving average price of $12.64.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0525 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. 1607 Capital Partners LLC lifted its holdings in Western Asset Investment Grade Income Fund by 0.6% in the first quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock worth $8,563,000 after purchasing an additional 3,900 shares during the period. SeaBridge Investment Advisors LLC raised its position in shares of Western Asset Investment Grade Income Fund by 16.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock worth $3,846,000 after buying an additional 41,842 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Western Asset Investment Grade Income Fund by 6.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 187,621 shares of the financial services provider’s stock worth $2,387,000 after acquiring an additional 11,267 shares during the period. Fiera Capital Corp boosted its holdings in shares of Western Asset Investment Grade Income Fund by 8.9% in the third quarter. Fiera Capital Corp now owns 92,491 shares of the financial services provider’s stock valued at $1,186,000 after acquiring an additional 7,530 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in shares of Western Asset Investment Grade Income Fund by 413.8% in the third quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 45,971 shares in the last quarter. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Company 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.