Western Asset Investment Grade Income Fund (NYSE:PAI) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.12 and traded as low as $11.77. Western Asset Investment Grade Income Fund shares last traded at $11.7950, with a volume of 40,491 shares.

Western Asset Investment Grade Income Fund Trading Up 0.0%

The stock has a fifty day moving average of $11.96 and a 200 day moving average of $12.12.

Institutional Trading of Western Asset Investment Grade Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. purchased a new stake in shares of Western Asset Investment Grade Income Fund in the 4th quarter valued at $14,335,000. 1607 Capital Partners LLC raised its holdings in shares of Western Asset Investment Grade Income Fund by 9.8% during the fourth quarter. 1607 Capital Partners LLC now owns 712,889 shares of the financial services provider’s stock worth $8,897,000 after purchasing an additional 63,734 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Western Asset Investment Grade Income Fund by 54.7% during the fourth quarter. Guggenheim Capital LLC now owns 187,533 shares of the financial services provider’s stock worth $2,340,000 after purchasing an additional 66,296 shares during the last quarter. Fiera Capital Corp lifted its position in Western Asset Investment Grade Income Fund by 44.0% during the fourth quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider’s stock valued at $1,663,000 after purchasing an additional 40,732 shares during the period. Finally, Aviance Capital Partners LLC lifted its position in Western Asset Investment Grade Income Fund by 3.9% during the fourth quarter. Aviance Capital Partners LLC now owns 38,064 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 1,431 shares during the period. 18.99% of the stock is currently owned by institutional investors and hedge funds.

About Western Asset Investment Grade Income Fund

Western Asset Investment Grade Income Fund (NYSE: PAI) is a diversified, closed-end management investment company that seeks to provide high current income with a secondary objective of capital preservation. Established in 2005, the fund invests primarily in investment-grade debt securities issued by governments, government agencies, corporate issuers and securitized products. It employs both traditional fixed-income strategies and opportunistic positions to enhance its income profile.

The fund’s portfolio is broadly diversified across sectors and credit profiles, focusing on bonds rated investment-grade by major credit rating agencies.