Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,526 shares of the financial services provider’s stock after selling 3,346 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Income Fund were worth $2,396,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Gilman Hill Asset Management LLC increased its holdings in shares of Western Asset Investment Grade Income Fund by 17.6% in the 1st quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 1,875 shares during the period. Tortoise Investment Management LLC increased its stake in Western Asset Investment Grade Income Fund by 47.9% in the 4th quarter. Tortoise Investment Management LLC now owns 30,389 shares of the financial services provider’s stock valued at $366,000 after buying an additional 9,848 shares during the period. 1607 Capital Partners LLC increased its stake in Western Asset Investment Grade Income Fund by 19.3% in the 4th quarter. 1607 Capital Partners LLC now owns 881,739 shares of the financial services provider’s stock valued at $10,616,000 after buying an additional 142,853 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Western Asset Investment Grade Income Fund by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 145,557 shares of the financial services provider’s stock valued at $1,753,000 after buying an additional 12,589 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its stake in Western Asset Investment Grade Income Fund by 1.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 127,599 shares of the financial services provider’s stock valued at $1,536,000 after buying an additional 2,338 shares during the period. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Stock Performance

PAI traded up $0.04 during trading on Friday, hitting $12.08. The stock had a trading volume of 19,084 shares, compared to its average volume of 13,052. The company’s 50-day moving average price is $12.02 and its 200 day moving average price is $12.01. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $10.59 and a twelve month high of $12.29.

Western Asset Investment Grade Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.62 annualized dividend and a yield of 5.12%.

Western Asset Investment Grade Income Fund Company 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.