Western Asset Investment Grade Income Fund Inc. $PAI Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC raised its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 469.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,564 shares of the financial services provider’s stock after purchasing an additional 44,160 shares during the period. Wolverine Asset Management LLC owned about 0.56% of Western Asset Investment Grade Income Fund worth $668,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Shaker Financial Services LLC increased its holdings in shares of Western Asset Investment Grade Income Fund by 413.8% in the 3rd quarter. Shaker Financial Services LLC now owns 57,081 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 45,971 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Western Asset Investment Grade Income Fund by 13.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 223,849 shares of the financial services provider’s stock valued at $2,794,000 after acquiring an additional 25,947 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Western Asset Investment Grade Income Fund by 6.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 187,621 shares of the financial services provider’s stock valued at $2,387,000 after acquiring an additional 11,267 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of Western Asset Investment Grade Income Fund by 8.9% in the 3rd quarter. Fiera Capital Corp now owns 92,491 shares of the financial services provider’s stock valued at $1,186,000 after acquiring an additional 7,530 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Western Asset Investment Grade Income Fund by 85.4% in the 2nd quarter. Baird Financial Group Inc. now owns 31,782 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 14,644 shares during the last quarter. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Trading Up 0.3%

Shares of NYSE PAI opened at $12.19 on Thursday. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $11.72 and a twelve month high of $13.66. The business has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $12.44.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.0525 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Thursday, May 21st.

Western Asset Investment Grade Income Fund Profile

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.