Aviance Capital Partners LLC Buys 5,368 Shares of Western Asset Investment Grade Income Fund Inc. $PAI

Aviance Capital Partners LLC increased its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,551 shares of the financial services provider’s stock after buying an additional 5,368 shares during the quarter. Aviance Capital Partners LLC owned 0.36% of Western Asset Investment Grade Income Fund worth $448,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Western Asset Investment Grade Income Fund by 35.3% in the 4th quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 2,267 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in Western Asset Investment Grade Income Fund in the 2nd quarter valued at $143,000. Martin Capital Partners LLC grew its stake in Western Asset Investment Grade Income Fund by 97.3% in the 2nd quarter. Martin Capital Partners LLC now owns 22,750 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 11,219 shares during the period. SeaBridge Investment Advisors LLC grew its stake in Western Asset Investment Grade Income Fund by 75.2% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 254,432 shares of the financial services provider’s stock valued at $3,269,000 after purchasing an additional 109,201 shares during the period. Finally, 1607 Capital Partners LLC grew its stake in Western Asset Investment Grade Income Fund by 0.6% in the 1st quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock valued at $8,563,000 after purchasing an additional 3,900 shares during the period. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

Shares of NYSE:PAI opened at $12.54 on Friday. The business has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.62. Western Asset Investment Grade Income Fund Inc. has a 1 year low of $11.41 and a 1 year high of $13.66.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be paid a $0.0525 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, November 20th.

Western Asset Investment Grade Income Fund 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.