Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Shares Up 1%

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Rating) shares shot up 1% during mid-day trading on Friday . The stock traded as high as $16.77 and last traded at $16.73. 22,034 shares changed hands during trading, a decline of 11% from the average session volume of 24,720 shares. The stock had previously closed at $16.56.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

The firm’s 50 day moving average is $16.72 and its 200-day moving average is $16.63.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.067 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several large investors have recently made changes to their positions in IGI. Clearstead Advisors LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the first quarter worth $40,000. Almitas Capital LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $174,000. PFG Advisors acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $187,000. Oak Harbor Wealth Partners LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the first quarter worth $222,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the third quarter worth $288,000.

Western Asset Investment Grade Defined Opportunity Trust Company 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.