Western Asset Inv Grade Income Fund (NYSE:PAI) Share Price Passes Above 50-Day Moving Average of $15.32

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Western Asset Inv Grade Income Fund Inc (NYSE:PAI) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.32 and traded as high as $15.57. Western Asset Inv Grade Income Fund shares last traded at $15.45, with a volume of 11,344 shares.

The business has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $14.90.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAI. Cambridge Investment Research Advisors Inc. lifted its position in shares of Western Asset Inv Grade Income Fund by 5.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,091 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 894 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Western Asset Inv Grade Income Fund by 8.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,892 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 917 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Western Asset Inv Grade Income Fund by 8.1% during the 1st quarter. Lido Advisors LLC now owns 18,182 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 1,368 shares during the last quarter. Morgan Stanley lifted its position in shares of Western Asset Inv Grade Income Fund by 32.9% during the 2nd quarter. Morgan Stanley now owns 17,392 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 4,302 shares during the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Western Asset Inv Grade Income Fund during the 1st quarter valued at $375,000. Hedge funds and other institutional investors own 4.96% of the company’s stock.

About Western Asset Inv Grade Income Fund (NYSE:PAI)

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.

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