Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Stock Position Reduced by Martin Capital Partners LLC

Martin Capital Partners LLC cut its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 44.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,531 shares of the financial services provider’s stock after selling 9,104 shares during the quarter. Martin Capital Partners LLC owned 0.12% of Western Asset Investment Grade Income Fund worth $144,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of Western Asset Investment Grade Income Fund by 1,527.4% during the third quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 86,299 shares during the period. SeaBridge Investment Advisors LLC raised its stake in Western Asset Investment Grade Income Fund by 1.9% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider’s stock worth $1,817,000 after acquiring an additional 2,663 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Western Asset Investment Grade Income Fund by 3.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 172,213 shares of the financial services provider’s stock worth $2,215,000 after acquiring an additional 5,067 shares during the last quarter. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Stock Performance

Shares of PAI stock opened at $12.67 on Wednesday. The business has a 50 day moving average of $12.49 and a two-hundred day moving average of $12.57. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $11.65 and a 52 week high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 dividend on an annualized basis and a yield of 4.88%.

Western Asset Investment Grade Income Fund Profile

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.