Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) To Go Ex-Dividend on July 24th

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.071 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 1.1%

Shares of Western Asset Investment Grade Defined Opportunity Trust stock opened at $15.99 on Friday. Western Asset Investment Grade Defined Opportunity Trust has a 12 month low of $15.78 and a 12 month high of $17.09. The business has a fifty day simple moving average of $16.12 and a 200 day simple moving average of $16.36.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

A number of institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% during the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock worth $12,672,000 after purchasing an additional 297,365 shares during the period. 1607 Capital Partners LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after purchasing an additional 54,899 shares during the period. UBS Group AG grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after purchasing an additional 23,237 shares during the period. Wells Fargo & Company MN grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 31.6% during the fourth quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock worth $1,252,000 after purchasing an additional 18,206 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 1.7% during the first quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock worth $985,000 after acquiring an additional 1,046 shares in the last quarter.

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.