International Assets Investment Management LLC Boosts Stock Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

International Assets Investment Management LLC increased its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 1,527.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,949 shares of the financial services provider’s stock after purchasing an additional 86,299 shares during the quarter. International Assets Investment Management LLC’s holdings in Western Asset Investment Grade Income Fund were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Karpus Management Inc. bought a new stake in shares of Western Asset Investment Grade Income Fund during the 1st quarter valued at $2,438,000. Shaker Financial Services LLC bought a new stake in shares of Western Asset Investment Grade Income Fund in the 2nd quarter worth about $806,000. Wolverine Asset Management LLC bought a new stake in shares of Western Asset Investment Grade Income Fund in the 2nd quarter worth about $88,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 4.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 140,365 shares of the financial services provider’s stock worth $1,696,000 after purchasing an additional 5,915 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 157,296 shares of the financial services provider’s stock worth $1,900,000 after purchasing an additional 3,933 shares during the period. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Up 0.4 %

PAI stock opened at $12.70 on Tuesday. Western Asset Investment Grade Income Fund Inc. has a 12 month low of $11.00 and a 12 month high of $13.18. The company has a 50-day moving average price of $12.72 and a 200 day moving average price of $12.34.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a $0.0515 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 4.87%.

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.