Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Free Report) shares rose 0.3% during trading on Monday. The company traded as high as $15.45 and last traded at $15.3830. 20,624 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 16,391 shares. The stock had previously closed at $15.33.
Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.9%
The company has a fifty day moving average of $15.56 and a two-hundred day moving average of $16.00.
Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust
Hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 226.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 108,376 shares of the company’s stock valued at $1,746,000 after buying an additional 75,169 shares during the period. Whipplewood Advisors LLC boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 1.7% during the 1st quarter. Whipplewood Advisors LLC now owns 61,234 shares of the company’s stock worth $985,000 after buying an additional 1,046 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth approximately $25,000.
About Western Asset Investment Grade Defined Opportunity Trust
Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) was a closed-end investment fund managed by Western Asset Management Company. The fund sought to provide current income and, secondarily, capital appreciation by investing primarily in investment-grade debt securities.
Its portfolio could include corporate bonds, U.S. government and agency securities, mortgage-backed securities, asset-backed securities, municipal obligations, and other fixed-income investments. Western Asset used its credit research and fixed-income investment expertise to select securities across sectors and maturities, with an emphasis on investment-grade credit quality.
The trust was established as a defined-term closed-end fund, meaning it was designed to operate for a specified period rather than indefinitely.
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