Shaker Financial Services LLC Makes New Investment in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Shaker Financial Services LLC acquired a new position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,298 shares of the company’s stock, valued at approximately $201,000.

A number of other large investors also recently modified their holdings of IGI. Jones Financial Companies Lllp grew its position in Western Asset Investment Grade Defined Opportunity Trust by 1,333.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,150 shares of the company’s stock valued at $35,000 after acquiring an additional 2,000 shares during the last quarter. Melfa Wealth Management Inc. bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter valued at $170,000. Guggenheim Capital LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 16.1% in the 4th quarter. Guggenheim Capital LLC now owns 54,965 shares of the company’s stock worth $896,000 after purchasing an additional 7,624 shares during the period. Wolverine Asset Management LLC bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter worth $1,038,000. Finally, Wells Fargo & Company MN boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 16.6% during the fourth quarter. Wells Fargo & Company MN now owns 82,775 shares of the company’s stock valued at $1,350,000 after buying an additional 11,794 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 1.1 %

IGI opened at $15.95 on Tuesday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12 month low of $15.70 and a 12 month high of $18.30. The business’s 50-day moving average price is $16.49 and its 200-day moving average price is $16.61.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.071 per share. This represents a dividend yield of 5.14%. The ex-dividend date was Monday, March 24th. This is a positive change from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.