Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Rating) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,138 shares of the company’s stock after selling 1,818 shares during the quarter. Guggenheim Capital LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 3.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 30,399 shares of the company’s stock worth $465,000 after purchasing an additional 1,128 shares during the period. Invesco Ltd. grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.1% during the 1st quarter. Invesco Ltd. now owns 120,387 shares of the company’s stock worth $2,253,000 after purchasing an additional 1,363 shares during the period. Raymond James & Associates grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 4.1% during the 1st quarter. Raymond James & Associates now owns 60,346 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,373 shares during the period. Karpus Management Inc. boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 101.6% in the 2nd quarter. Karpus Management Inc. now owns 20,363 shares of the company’s stock worth $344,000 after acquiring an additional 10,263 shares during the period. Finally, Collaborative Wealth Managment Inc. acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust in the second quarter valued at approximately $278,000.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE IGI opened at $16.34 on Friday. The company’s fifty day simple moving average is $16.85 and its 200-day simple moving average is $16.49. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52 week low of $15.22 and a 52 week high of $18.81.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 24th will be paid a dividend of $0.067 per share. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07. The ex-dividend date is Thursday, March 23rd. This represents a $0.80 annualized dividend and a yield of 4.92%.

Western Asset Investment Grade Defined Opportunity Trust Profile

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Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.