Advisor Group Inc. Purchases 10,600 Shares of WESTERN AST CRP (TLI)
Advisor Group Inc. grew its position in shares of WESTERN AST CRP (NYSE:TLI) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,513 shares of the investment management company’s stock after purchasing an additional 10,600 shares during the quarter. Advisor Group Inc.’s holdings in WESTERN AST CRP were worth $384,000 as of its most recent SEC filing.
Separately, Laurion Capital Management LP increased its position in shares of WESTERN AST CRP by 0.5% during the 2nd quarter. Laurion Capital Management LP now owns 10,914 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 22.44% of the company’s stock.
WESTERN AST CRP (TLI) opened at 10.84 on Wednesday. WESTERN AST CRP has a 12 month low of $10.41 and a 12 month high of $12.10. The stock’s 50 day moving average price is $10.75 and its 200 day moving average price is $11.15.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 6.64%.
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About WESTERN AST CRP
Western Asset Corporate Loan Fund Inc, formerly LMP Corporate Loan Fund Inc, is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize current income consistent with prudent efforts to preserve capital. The Fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions.
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