Allspring Global Investments Holdings LLC Raises Stock Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Allspring Global Investments Holdings LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 566,271 shares of the company’s stock after acquiring an additional 4,075 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $9,955,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in IGI. Raymond James & Associates grew its stake 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 valued at $1,130,000 after purchasing an additional 2,373 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,749 shares of the company’s stock valued at $538,000 after purchasing an additional 1,474 shares during the period. Invesco Ltd. grew its stake 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 valued at $2,253,000 after purchasing an additional 1,363 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the 3rd quarter valued at about $288,000. Finally, Bank of America Corp DE grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 39.8% during the 4th quarter. Bank of America Corp DE now owns 104,482 shares of the company’s stock valued at $1,701,000 after purchasing an additional 29,747 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.69 on Wednesday. The business has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $16.73. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52-week low of $15.13 and a 52-week high of $17.79.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.03%.

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.