Shaker Financial Services LLC Invests $145,000 in Western Asset Investment Grade Income Fund Inc. $PAI

Shaker Financial Services LLC bought a new position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,110 shares of the financial services provider’s stock, valued at approximately $145,000. Shaker Financial Services LLC owned 0.12% of Western Asset Investment Grade Income Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 1607 Capital Partners LLC grew its holdings in shares of Western Asset Investment Grade Income Fund by 0.6% during the first quarter. 1607 Capital Partners LLC now owns 666,405 shares of the financial services provider’s stock valued at $8,563,000 after buying an additional 3,900 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in shares of Western Asset Investment Grade Income Fund by 16.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 296,274 shares of the financial services provider’s stock valued at $3,846,000 after buying an additional 41,842 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Western Asset Investment Grade Income Fund by 18.4% during the second quarter. Aviance Capital Partners LLC now owns 34,551 shares of the financial services provider’s stock valued at $448,000 after buying an additional 5,368 shares in the last quarter. Martin Capital Partners LLC grew its holdings in shares of Western Asset Investment Grade Income Fund by 97.3% during the second quarter. Martin Capital Partners LLC now owns 22,750 shares of the financial services provider’s stock valued at $295,000 after buying an additional 11,219 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Western Asset Investment Grade Income Fund during the second quarter valued at $143,000. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Trading Down 0.8%

Shares of PAI stock opened at $12.47 on Tuesday. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.41 and a 1-year high of $13.66. The stock’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $12.62.

Western Asset Investment Grade Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be paid a $0.0525 dividend. The ex-dividend date is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

About Western Asset Investment Grade Income Fund

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.