Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Announces Monthly Dividend of $0.05

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be given a dividend of 0.0525 per share by the financial services provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Investment Grade Income Fund Trading Down 1.0%

NYSE PAI traded down $0.12 during trading hours on Thursday, reaching $12.29. 46,635 shares of the company traded hands, compared to its average volume of 18,465. Western Asset Investment Grade Income Fund has a 12 month low of $11.41 and a 12 month high of $13.66. The company has a 50 day moving average of $12.67 and a two-hundred day moving average of $12.64.

Institutional Trading of Western Asset Investment Grade Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shaker Financial Services LLC grew its position in shares of Western Asset Investment Grade Income Fund by 413.8% in the 3rd quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 45,971 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its holdings in Western Asset Investment Grade Income Fund by 16.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock worth $3,846,000 after purchasing an additional 41,842 shares during the period. Baird Financial Group Inc. boosted its holdings in Western Asset Investment Grade Income Fund by 85.4% in the second quarter. Baird Financial Group Inc. now owns 31,782 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 14,644 shares during the period. Ameriprise Financial Inc. bought a new stake in Western Asset Investment Grade Income Fund during the third quarter valued at $148,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Western Asset Investment Grade Income Fund by 6.4% during the third quarter. Jones Financial Companies Lllp now owns 187,621 shares of the financial services provider’s stock worth $2,387,000 after purchasing an additional 11,267 shares during the period. 18.99% of the stock is owned by institutional investors.

About Western Asset Investment Grade Income Fund

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.