Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Shares Up 0.1% – What’s Next?

Shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) were up 0.1% during mid-day trading on Monday . The company traded as high as $16.55 and last traded at $16.4910. Approximately 9,642 shares changed hands during trading, a decline of 41% from the average daily volume of 16,378 shares. The stock had previously closed at $16.48.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

The stock has a 50-day moving average price of $16.46 and a two-hundred day moving average price of $16.57.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.071 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, February 20th.

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

Several hedge funds have recently modified their holdings of the stock. 1607 Capital Partners LLC boosted its stake in Western Asset Investment Grade Defined Opportunity Trust by 61.0% in the 3rd quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock worth $5,430,000 after purchasing an additional 123,261 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter valued at approximately $987,000. Guggenheim Capital LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 37.9% in the second quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock worth $2,250,000 after buying an additional 37,292 shares during the last quarter. UBS Group AG lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after buying an additional 23,237 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter worth $379,000.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.