Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Shares Up 0.2% – What’s Next?

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)’s share price shot up 0.2% during trading on Monday . The stock traded as high as $16.75 and last traded at $16.72. 14,249 shares changed hands during trading, an increase of 10% from the average session volume of 12,945 shares. The stock had previously closed at $16.68.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

The company’s 50-day simple moving average is $16.70 and its 200 day simple moving average is $16.47.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be given a dividend of $0.071 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 5.1%.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Hedge funds have recently modified their holdings of the company. Comerica Bank lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after buying an additional 700 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth approximately $379,000. Shaker Financial Services LLC increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 118.0% during the 2nd quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock worth $443,000 after purchasing an additional 14,411 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the 2nd quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth approximately $987,000.

About Western Asset Investment Grade Defined Opportunity Trust

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.