Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,557 shares of the financial services provider’s stock after purchasing an additional 12,589 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.53% of Western Asset Investment Grade Income Fund worth $1,753,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Meadow Creek Wealth Advisors LLC acquired a new position in Western Asset Investment Grade Income Fund during the 4th quarter worth about $360,000. SeaBridge Investment Advisors LLC increased its stake in Western Asset Investment Grade Income Fund by 1.9% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 127,599 shares of the financial services provider’s stock worth $1,536,000 after purchasing an additional 2,338 shares during the period. 1607 Capital Partners LLC lifted its position in shares of Western Asset Investment Grade Income Fund by 4.7% during the third quarter. 1607 Capital Partners LLC now owns 738,886 shares of the financial services provider’s stock worth $8,312,000 after purchasing an additional 33,200 shares in the last quarter. Aviance Capital Partners LLC acquired a new position in shares of Western Asset Investment Grade Income Fund in the third quarter valued at approximately $338,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Western Asset Investment Grade Income Fund by 12.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 192,206 shares of the financial services provider’s stock worth $2,162,000 after buying an additional 21,484 shares during the period. 18.99% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Trading Up 1.3 %

Western Asset Investment Grade Income Fund stock opened at $12.14 on Tuesday. The company’s 50 day moving average is $11.95 and its two-hundred day moving average is $11.75. Western Asset Investment Grade Income Fund Inc. has a 52-week low of $10.59 and a 52-week high of $12.63.

Western Asset Investment Grade Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be issued a $0.049 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.59 dividend on an annualized basis and a yield of 4.84%.

Western Asset Investment Grade Income Fund Profile

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.