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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Monday, February 23rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.071 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, March 24th.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.2%

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

Institutional Inflows and Outflows

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