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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.071 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.1%

Shares of NYSE IGI traded down $0.02 during mid-day trading on Thursday, reaching $16.13. 5,143 shares of the company’s stock were exchanged, compared to its average volume of 19,512. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.78 and a 52 week high of $17.09. The firm has a 50-day moving average price of $16.14 and a two-hundred day moving average price of $16.37.

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

A number of hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 63.2% in the 4th quarter. Sit Investment Associates Inc. now owns 767,986 shares of the company’s stock valued at $12,672,000 after acquiring an additional 297,365 shares during the period. 1607 Capital Partners LLC raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the 4th quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock valued at $6,274,000 after acquiring an additional 54,899 shares during the period. UBS Group AG raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after acquiring an additional 23,237 shares during the period. Wells Fargo & Company MN raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 31.6% in the 4th quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock valued at $1,252,000 after acquiring an additional 18,206 shares during the period. Finally, Whipplewood Advisors LLC raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 1.7% in the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock valued at $985,000 after acquiring an additional 1,046 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.