Shaker Financial Services LLC Has $752,000 Position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Shaker Financial Services LLC lessened its position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 8.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 60,108 shares of the financial services provider’s stock after selling 5,873 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset Investment Grade Income Fund were worth $752,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PAI. StoneX Group Inc. bought a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter worth $249,000. Aviance Capital Partners LLC lifted its position in Western Asset Investment Grade Income Fund by 12.6% during the 4th quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider’s stock worth $292,000 after buying an additional 2,612 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Western Asset Investment Grade Income Fund during the 4th quarter worth about $574,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 1.9% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider’s stock worth $1,817,000 after buying an additional 2,663 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Western Asset Investment Grade Income Fund by 58.7% in the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider’s stock valued at $1,940,000 after acquiring an additional 57,376 shares during the last quarter. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Price Performance

Shares of NYSE PAI opened at $11.96 on Tuesday. The stock has a 50 day moving average price of $12.49 and a 200 day moving average price of $12.54. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $11.41 and a 52 week high of $13.18.

Western Asset Investment Grade Income Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.0525 dividend. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Western Asset Investment Grade Income Fund’s previous dividend of $0.05.

About Western Asset Investment Grade Income Fund

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.