Raymond James Financial Inc. Makes New $1.72 Million Investment in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Raymond James Financial Inc. acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 105,563 shares of the company’s stock, valued at approximately $1,722,000.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 1,333.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,150 shares of the company’s stock valued at $35,000 after buying an additional 2,000 shares during the period. Melfa Wealth Management Inc. purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $170,000. Quarry LP acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the third quarter worth about $212,000. Wolverine Asset Management LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter valued at about $1,038,000. Finally, Jane Street Group LLC grew its stake in Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock valued at $3,769,000 after purchasing an additional 95,942 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.2 %

Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.59 on Tuesday. The stock has a 50 day moving average of $16.62 and a 200-day moving average of $16.82. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52 week low of $16.09 and a 52 week high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.071 dividend. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 5.14%. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.