Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI Stock Position Raised by 1607 Capital Partners LLC

1607 Capital Partners LLC grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 61.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,361 shares of the company’s stock after buying an additional 123,261 shares during the quarter. 1607 Capital Partners LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $5,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Comerica Bank raised its position in Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after acquiring an additional 700 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the second quarter worth about $379,000. Bank of America Corp DE lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% in the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after buying an additional 2,730 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 37.9% during the 2nd quarter. Guggenheim Capital LLC now owns 135,712 shares of the company’s stock worth $2,250,000 after acquiring an additional 37,292 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after acquiring an additional 23,237 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of IGI stock opened at $16.02 on Friday. The stock’s 50 day simple moving average is $16.44 and its 200 day simple moving average is $16.55. Western Asset Investment Grade Defined Opportunity Trust Inc. has a twelve month low of $15.70 and a twelve month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

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

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.