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

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,146 shares of the financial services provider’s stock after selling 29,380 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Income Fund were worth $2,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PAI. Gilman Hill Asset Management LLC boosted its holdings in Western Asset Investment Grade Income Fund by 17.6% during the first quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the financial services provider’s stock worth $152,000 after buying an additional 1,875 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 36.1% in the fourth quarter. Tortoise Investment Management LLC now owns 27,959 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 7,418 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 5.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 134,450 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 6,851 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 145,557 shares of the financial services provider’s stock valued at $1,753,000 after purchasing an additional 12,589 shares in the last quarter. Finally, Karpus Management Inc. purchased a new position in shares of Western Asset Investment Grade Income Fund during the first quarter valued at approximately $2,438,000. 18.99% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Stock Performance

Shares of PAI traded up $0.03 on Monday, hitting $12.57. 19,779 shares of the stock traded hands, compared to its average volume of 19,769. The stock’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.06. Western Asset Investment Grade Income Fund Inc. has a 1 year low of $10.59 and a 1 year high of $12.71.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, August 23rd.

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.