Hennion & Walsh Asset Management Inc. Purchases 5,067 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Hennion & Walsh Asset Management Inc. increased its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,213 shares of the financial services provider’s stock after acquiring an additional 5,067 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Income Fund were worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund during the second quarter valued at about $68,000. Wolverine Asset Management LLC acquired a new stake in Western Asset Investment Grade Income Fund during the 2nd quarter worth approximately $88,000. Gilman Hill Asset Management LLC boosted its position in Western Asset Investment Grade Income Fund by 20.0% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,500 shares during the period. Shaker Financial Services LLC bought a new stake in Western Asset Investment Grade Income Fund during the 2nd quarter worth approximately $806,000. Finally, SeaBridge Investment Advisors LLC increased its position in Western Asset Investment Grade Income Fund by 5.4% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 134,450 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 6,851 shares during the period. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Trading Up 1.2 %

Shares of NYSE:PAI opened at $12.64 on Friday. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $10.59 and a 52 week high of $13.18. The firm’s fifty day moving average is $12.72 and its 200-day moving average is $12.31.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 4.89%. The ex-dividend date is Thursday, November 21st.

Western Asset Investment Grade Income Fund Company Profile

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.