Allspring Global Investments Holdings LLC Has $7.33 Million Stake in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Allspring Global Investments Holdings LLC lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 74.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,836 shares of the company’s stock after purchasing an additional 191,443 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $7,325,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the first quarter worth approximately $40,000. Waverly Advisors LLC bought a new stake in Western Asset Investment Grade Defined Opportunity Trust during the first quarter worth $188,000. Oak Harbor Wealth Partners LLC bought a new stake in Western Asset Investment Grade Defined Opportunity Trust during the first quarter worth $222,000. First Trust Advisors LP bought a new stake in Western Asset Investment Grade Defined Opportunity Trust during the first quarter worth $265,000. Finally, Thrivent Financial for Lutherans bought a new stake in Western Asset Investment Grade Defined Opportunity Trust during the third quarter worth $288,000.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 1.5 %

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $15.53 on Thursday. The stock has a fifty day simple moving average of $15.78 and a 200 day simple moving average of $16.21. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12-month low of $15.13 and a 12-month high of $17.44.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.82 annualized dividend and a yield of 5.29%.

Western Asset Investment Grade Defined Opportunity Trust Profile

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.