Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) To Go Ex-Dividend on February 20th

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, November 20th. Shareholders of record on Friday, February 20th will be given a dividend of 0.071 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.1%

Shares of IGI opened at $16.66 on Wednesday. The business’s 50-day moving average price is $16.48 and its 200-day moving average price is $16.58. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.70 and a twelve month high of $17.09.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

A number of hedge funds have recently bought and sold shares of the company. 1607 Capital Partners LLC grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after purchasing an additional 54,899 shares during the last quarter. Arax Advisory Partners bought a new position in Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter valued at approximately $38,000. Stifel Financial Corp lifted its stake in Western Asset Investment Grade Defined Opportunity Trust by 61.8% in the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after acquiring an additional 6,312 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock valued at $1,252,000 after purchasing an additional 18,206 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after acquiring an additional 297,365 shares during the period.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.