Western Asset Investment Grade Income Fund Inc. $PAI Position Increased by Martin Capital Partners LLC

Martin Capital Partners LLC grew its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 97.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,750 shares of the financial services provider’s stock after purchasing an additional 11,219 shares during the period. Martin Capital Partners LLC’s holdings in Western Asset Investment Grade Income Fund were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. 1607 Capital Partners LLC grew its position in shares of Western Asset Investment Grade Income Fund by 0.6% during the 1st quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock valued at $8,563,000 after buying an additional 3,900 shares during the last quarter. SeaBridge Investment Advisors LLC lifted its holdings in Western Asset Investment Grade Income Fund by 75.2% in the first quarter. SeaBridge Investment Advisors LLC now owns 254,432 shares of the financial services provider’s stock worth $3,269,000 after acquiring an additional 109,201 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in Western Asset Investment Grade Income Fund by 24.9% in the first quarter. Aviance Capital Partners LLC now owns 29,183 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 5,826 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Western Asset Investment Grade Income Fund by 19.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 255,783 shares of the financial services provider’s stock valued at $3,287,000 after acquiring an additional 41,463 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Western Asset Investment Grade Income Fund by 35.3% during the fourth quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,267 shares during the last quarter. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Trading Up 0.1%

Shares of Western Asset Investment Grade Income Fund stock opened at $12.78 on Monday. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $11.41 and a twelve month high of $13.66. The business’s 50 day simple moving average is $12.76 and its 200-day simple moving average is $12.55.

Western Asset Investment Grade Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be given a $0.0525 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) annualized dividend and a yield of 4.9%.

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.