Allspring Global Investments Holdings LLC Raises Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Allspring Global Investments Holdings LLC increased its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAIFree Report) by 5.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 153,363 shares of the financial services provider’s stock after purchasing an additional 7,806 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Investment Grade Income Fund were worth $1,869,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PAI. 1607 Capital Partners LLC lifted its stake in Western Asset Investment Grade Income Fund by 19.3% in the fourth quarter. 1607 Capital Partners LLC now owns 881,739 shares of the financial services provider’s stock valued at $10,616,000 after buying an additional 142,853 shares during the last quarter. SeaBridge Investment Advisors LLC raised its position in Western Asset Investment Grade Income Fund by 1.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 127,599 shares of the financial services provider’s stock valued at $1,536,000 after purchasing an additional 2,338 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Western Asset Investment Grade Income Fund by 47.9% during the 4th quarter. Tortoise Investment Management LLC now owns 30,389 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 9,848 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new position in Western Asset Investment Grade Income Fund during the 4th quarter worth $360,000. Finally, Gilman Hill Asset Management LLC increased its stake in Western Asset Investment Grade Income Fund by 17.6% in the first quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 1,875 shares during the period. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Trading Up 0.6 %

Shares of PAI opened at $12.06 on Wednesday. Western Asset Investment Grade Income Fund Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $12.29. The firm has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $12.01.

Western Asset Investment Grade Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.0515 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.62 dividend on an annualized basis and a yield of 5.12%.

Western Asset Investment Grade Income Fund Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Investment Grade Income Fund Inc. (NYSE:PAIFree Report).

Institutional Ownership by Quarter for Western Asset Investment Grade Income Fund (NYSE:PAI)

Receive News & Ratings for Western Asset Investment Grade Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Investment Grade Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.