Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) to Issue $0.05 Monthly Dividend

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, April 23rd will be given a dividend of 0.0525 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, April 23rd.

Western Asset Investment Grade Income Fund Trading Up 0.3%

Shares of Western Asset Investment Grade Income Fund stock traded up $0.04 during trading on Monday, reaching $12.73. The company’s stock had a trading volume of 2,135 shares, compared to its average volume of 10,843. The business’s 50-day moving average price is $12.59 and its 200-day moving average price is $12.61. Western Asset Investment Grade Income Fund has a 52 week low of $11.41 and a 52 week high of $13.66.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $32,000. CWM LLC increased its stake in Western Asset Investment Grade Income Fund by 760.9% during the 3rd quarter. CWM LLC now owns 3,960 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,500 shares during the period. International Assets Investment Management LLC acquired a new position in Western Asset Investment Grade Income Fund in the 4th quarter valued at $71,000. Northwestern Mutual Wealth Management Co. raised its holdings in Western Asset Investment Grade Income Fund by 4,791.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,848 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 6,708 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 valued at $109,000 after acquiring an additional 2,267 shares during the period. 18.99% of the stock is owned by institutional investors.

About Western Asset Investment Grade Income Fund

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.