Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) to Issue Monthly Dividend of $0.07

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.071 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

IGI stock opened at $16.13 on Friday. The stock’s fifty day simple moving average is $16.13 and its two-hundred day simple moving average is $16.36. Western Asset Investment Grade Defined Opportunity Trust has a 1-year low of $15.78 and a 1-year high of $17.09.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC raised its stake 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 valued at $985,000 after buying an additional 1,046 shares during the period. Sit Investment Associates Inc. raised its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the fourth quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after buying an additional 297,365 shares during the period. 1607 Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after buying an additional 54,899 shares during the period. Arax Advisory Partners bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the fourth quarter valued at $38,000. Finally, Stifel Financial Corp raised its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.8% in the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock valued at $273,000 after buying an additional 6,312 shares during the period.

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.