Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Shares Down 1.9% – Here’s What Happened

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) shares fell 1.9% during mid-day trading on Wednesday . The stock traded as low as $15.87 and last traded at $15.95. 11,615 shares were traded during mid-day trading, a decline of 32% from the average session volume of 17,043 shares. The stock had previously closed at $16.26.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 1.9%

The business has a fifty day moving average price of $15.83 and a 200 day moving average price of $16.00.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.071 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth approximately $25,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 226.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock worth $1,746,000 after purchasing an additional 75,169 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.7% in the first quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock worth $985,000 after purchasing an additional 1,046 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in 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 worth $12,672,000 after purchasing an additional 297,365 shares during the last quarter. Finally, 1607 Capital Partners LLC boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 16.9% during the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after purchasing an additional 54,899 shares during the last quarter.

About Western Asset Investment Grade Defined Opportunity Trust

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.