Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Stake Reduced by Private Management Group Inc.

Private Management Group Inc. reduced its stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,639 shares of the company’s stock after selling 2,797 shares during the quarter. Private Management Group Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $2,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.6% in the third quarter. 1607 Capital Partners LLC now owns 1,319,726 shares of the company’s stock worth $20,891,000 after purchasing an additional 21,300 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 0.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 566,271 shares of the company’s stock worth $9,955,000 after purchasing an additional 4,075 shares in the last quarter. Atlas Wealth LLC grew its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 114.2% in the third quarter. Atlas Wealth LLC now owns 108,626 shares of the company’s stock worth $1,720,000 after purchasing an additional 57,910 shares in the last quarter. Raymond James & Associates boosted its stake in Western Asset Investment Grade Defined Opportunity Trust by 1.8% during the fourth quarter. Raymond James & Associates now owns 67,516 shares of the company’s stock valued at $1,187,000 after buying an additional 1,188 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC boosted its stake in Western Asset Investment Grade Defined Opportunity Trust by 6.5% during the third quarter. Oak Harbor Wealth Partners LLC now owns 14,117 shares of the company’s stock valued at $223,000 after buying an additional 858 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.5 %

IGI stock traded down $0.08 during trading hours on Wednesday, hitting $16.60. 20,853 shares of the stock traded hands, compared to its average volume of 29,304. The stock has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $16.76. Western Asset Investment Grade Defined Opportunity Trust Inc. has a one year low of $15.13 and a one year high of $17.79.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.06%. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, May 22nd.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.