Western Asset Investment Grade Defined Opportunity Trust Inc. Plans Monthly Dividend of $0.07 (NYSE:IGI)

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.071 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 23rd.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE IGI opened at $15.77 on Thursday. The firm has a 50 day simple moving average of $16.01 and a 200-day simple moving average of $16.17. Western Asset Investment Grade Defined Opportunity Trust has a one year low of $15.56 and a one year high of $17.09.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors have recently modified their holdings of the business. Comerica Bank boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after purchasing an additional 700 shares during the period. Bank of America Corp DE raised its position in Western Asset Investment Grade Defined Opportunity Trust by 9.6% in the 2nd 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 boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after buying an additional 23,237 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 3.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock worth $503,000 after buying an additional 1,000 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after acquiring an additional 297,365 shares in the last quarter.

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.