Janney Montgomery Scott LLC Makes New Investment in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Janney Montgomery Scott LLC bought a new position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAIGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,433 shares of the financial services provider’s stock, valued at approximately $147,000. Janney Montgomery Scott LLC owned about 0.13% of Western Asset Investment Grade Income Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAI. Wolverine Asset Management LLC acquired a new stake in Western Asset Investment Grade Income Fund during the first quarter worth $575,000. Advisor Group Holdings Inc. boosted its position in shares of Western Asset Investment Grade Income Fund by 73.1% during the first quarter. Advisor Group Holdings Inc. now owns 2,724 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,150 shares during the period. Tortoise Investment Management LLC purchased a new position in shares of Western Asset Investment Grade Income Fund during the first quarter worth $274,000. Fiera Capital Corp boosted its position in shares of Western Asset Investment Grade Income Fund by 27.6% during the first quarter. Fiera Capital Corp now owns 69,566 shares of the financial services provider’s stock worth $948,000 after buying an additional 15,067 shares during the period. Finally, Whitener Capital Management Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund during the first quarter worth $260,000. Institutional investors and hedge funds own 23.71% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

PAI opened at $11.64 on Friday. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $10.74 and a 52 week high of $16.99. The business has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $12.00.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 24th were given a dividend of $0.0465 per share. The ex-dividend date was Friday, October 21st. This represents a dividend yield of 5.1%.

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.

See Also

Institutional Ownership by Quarter for Western Asset Investment Grade Income Fund (NYSE:PAI)

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