Hennion & Walsh Asset Management Inc. Has $1.75 Million Stock Position in Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI

Hennion & Walsh Asset Management Inc. increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 226.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,376 shares of the company’s stock after buying an additional 75,169 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $1,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after buying an additional 700 shares during the last quarter. Bank of America Corp DE grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 9.6% in the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock valued at $517,000 after purchasing an additional 2,730 shares in the last quarter. UBS Group AG lifted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 3rd 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 in the last quarter. Janney Montgomery Scott LLC boosted its stake in Western Asset Investment Grade Defined Opportunity Trust by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock worth $503,000 after purchasing an additional 1,000 shares during the period. Finally, Sit Investment Associates Inc. increased its position 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 valued at $12,672,000 after buying an additional 297,365 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.0%

Shares of NYSE:IGI opened at $15.84 on Wednesday. The company has a 50 day moving average of $15.98 and a 200 day moving average of $16.15. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12 month low of $15.56 and a 12 month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.071 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 5.4%.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.