Allspring Global Investments Holdings LLC Sells 4,402 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Allspring Global Investments Holdings LLC cut its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,394 shares of the financial services provider’s stock after selling 4,402 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.54% of Western Asset Investment Grade Income Fund worth $1,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Western Asset Investment Grade Income Fund by 24.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider’s stock worth $2,681,000 after buying an additional 42,107 shares during the period. SeaBridge Investment Advisors LLC grew its position in Western Asset Investment Grade Income Fund by 1.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider’s stock valued at $1,817,000 after acquiring an additional 2,663 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in 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. 18.99% of the stock is owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Price Performance

Shares of PAI opened at $12.69 on Friday. The firm has a fifty day moving average price of $12.48 and a 200-day moving average price of $12.60. Western Asset Investment Grade Income Fund Inc. has a 12-month low of $11.65 and a 12-month high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.0525 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.63 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.