Stifel Financial Corp Sells 1,678 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Stifel Financial Corp trimmed its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,820 shares of the financial services provider’s stock after selling 1,678 shares during the quarter. Stifel Financial Corp’s holdings in Western Asset Investment Grade Income Fund were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Western Asset Investment Grade Income Fund by 1,527.4% in the third quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 86,299 shares during the period. Wolverine Asset Management LLC bought a new position in Western Asset Investment Grade Income Fund in the 2nd quarter worth $88,000. Allspring Global Investments Holdings LLC boosted its holdings in Western Asset Investment Grade Income Fund by 2.6% in 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 buying an additional 3,933 shares during the period. SeaBridge Investment Advisors LLC increased its stake in Western Asset Investment Grade Income Fund by 4.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 140,365 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 5,915 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in Western Asset Investment Grade Income Fund during the second quarter valued at about $806,000. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Down 1.2 %

NYSE PAI opened at $12.47 on Friday. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $11.65 and a twelve month high of $13.18. The business has a 50-day moving average price of $12.59 and a 200-day moving average price of $12.50.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a yield of 4.96%.

Western Asset Investment Grade Income Fund Company 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.