Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Get Rating) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,301 shares of the financial services provider’s stock after selling 3,850 shares during the quarter. Guggenheim Capital LLC owned approximately 0.66% of Western Asset Investment Grade Income Fund worth $697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its stake in Western Asset Investment Grade Income Fund by 24.4% during the 2nd quarter. Fiera Capital Corp now owns 86,547 shares of the financial services provider’s stock worth $1,045,000 after purchasing an additional 16,981 shares during the last quarter. Transatlantique Private Wealth LLC acquired a new position in shares of Western Asset Investment Grade Income Fund during the 3rd quarter valued at about $148,000. Whitener Capital Management Inc. boosted its position in shares of Western Asset Investment Grade Income Fund by 15.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 22,050 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 2,950 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Western Asset Investment Grade Income Fund by 16.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 14,482 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,049 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Western Asset Investment Grade Income Fund by 27.8% during the 1st quarter. UBS Group AG now owns 41,810 shares of the financial services provider’s stock valued at $569,000 after acquiring an additional 9,104 shares during the last quarter. Institutional investors and hedge funds own 25.88% of the company’s stock.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI stock opened at $11.85 on Friday. The company’s 50-day moving average price is $12.18 and its 200-day moving average price is $11.84. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $10.74 and a twelve month high of $13.75.

Western Asset Investment Grade Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Tuesday, May 23rd will be given a dividend of $0.0465 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $0.56 annualized dividend and a dividend yield of 4.71%.

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.