Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Announces $0.07 Monthly Dividend

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.071 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.2%

Shares of IGI traded down $0.04 on Monday, reaching $16.48. The stock had a trading volume of 18,124 shares, compared to its average volume of 15,466. The company has a 50-day simple moving average of $16.49 and a 200-day simple moving average of $16.58. Western Asset Investment Grade Defined Opportunity Trust has a 12-month low of $15.70 and a 12-month high of $17.09.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

A number of hedge funds have recently modified their holdings of the business. 1607 Capital Partners LLC grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after buying an additional 54,899 shares during the period. Arax Advisory Partners bought a new stake in Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $38,000. Stifel Financial Corp grew its holdings in Western Asset Investment Grade Defined Opportunity Trust by 61.8% in the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares during the period. Wells Fargo & Company MN grew its holdings in Western Asset Investment Grade Defined Opportunity Trust by 31.6% in the fourth quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock worth $1,252,000 after purchasing an additional 18,206 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after purchasing an additional 297,365 shares in the last quarter.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.