Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 56.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,582 shares of the company’s stock after selling 48,108 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGI. Comerica Bank boosted its stake 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 acquiring an additional 700 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 37.9% in the 2nd quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock worth $2,250,000 after purchasing an additional 37,292 shares during the period. Bank of America Corp DE raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 9.6% in 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 period. UBS Group AG boosted its position in 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 purchasing an additional 23,237 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.0% in the third quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock valued at $5,430,000 after buying an additional 123,261 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.6%

Shares of IGI stock opened at $16.17 on Friday. The stock has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $16.48. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 1-year low of $15.70 and a 1-year high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.071 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Investment Grade Defined Opportunity Trust Profile

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.