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

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.071 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

IGI stock opened at $15.77 on Thursday. Western Asset Investment Grade Defined Opportunity Trust has a 1 year low of $15.56 and a 1 year high of $17.09. The business has a 50 day simple moving average of $16.01 and a 200-day simple moving average of $16.17.

Hedge Funds Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after purchasing an additional 700 shares during the last quarter. Arax Advisory Partners acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at approximately $38,000. Stifel Financial Corp raised its position in 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 purchasing an additional 6,312 shares during the period. Janney Montgomery Scott LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 3.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock valued at $503,000 after purchasing an additional 1,000 shares during the period. Finally, Bank of America Corp DE lifted its stake in Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after purchasing an additional 2,730 shares in 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.