Melfa Wealth Management Inc. Acquires Shares of 10,424 Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Melfa Wealth Management Inc. acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,424 shares of the company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IGI. Quarry LP bought a new position in Western Asset Investment Grade Defined Opportunity Trust during the 3rd quarter valued at about $212,000. Oak Harbor Wealth Partners LLC boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% during the third quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock valued at $378,000 after buying an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock valued at $1,539,000 after buying an additional 11,917 shares during the last quarter. Almitas Capital LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter valued at approximately $3,575,000. Finally, Jane Street Group LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 84.6% in the third quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after buying an additional 95,942 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

IGI opened at $16.44 on Wednesday. The business has a fifty day moving average of $16.56 and a 200 day moving average of $17.14. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52-week low of $16.09 and a 52-week high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.071 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.85 dividend on an annualized basis and a yield of 5.18%.

Western Asset Investment Grade Defined Opportunity Trust 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.