Wells Fargo & Company MN Sells 1,030 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Wells Fargo & Company MN decreased its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,772 shares of the financial services provider’s stock after selling 1,030 shares during the quarter. Wells Fargo & Company MN owned 0.22% of Western Asset Investment Grade Income Fund worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. raised its position in Western Asset Investment Grade Income Fund by 24.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider’s stock worth $2,681,000 after purchasing an additional 42,107 shares during the period. SeaBridge Investment Advisors LLC boosted its stake in Western Asset Investment Grade Income Fund by 1.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider’s stock valued at $1,817,000 after acquiring an additional 2,663 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Western Asset Investment Grade Income Fund by 58.7% during the 4th quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider’s stock worth $1,940,000 after buying an additional 57,376 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund during the fourth quarter valued at about $574,000. Finally, Aviance Capital Partners LLC increased its stake in Western Asset Investment Grade Income Fund by 12.6% during the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 2,612 shares in the last quarter. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Stock Down 0.4 %

NYSE:PAI opened at $12.36 on Thursday. Western Asset Investment Grade Income Fund Inc. has a one year low of $11.41 and a one year high of $13.18. The firm’s fifty day moving average is $12.40 and its two-hundred day moving average is $12.50.

Western Asset Investment Grade Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0525 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 4.91%. This is a boost from Western Asset Investment Grade Income Fund’s previous dividend of $0.05.

Western Asset Investment Grade Income Fund Profile

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.