Jones Financial Companies Lllp Has $1.94 Million Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Posted by Grant Hamersma on Mar 7th, 2025

Jones Financial Companies Lllp raised its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 58.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 155,099 shares of the financial services provider’s stock after purchasing an additional 57,376 shares during the period. Jones Financial Companies Lllp owned approximately 1.63% of Western Asset Investment Grade Income Fund worth $1,940,000 as of its most recent SEC filing.

Separately, SeaBridge Investment Advisors LLC grew its holdings 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 buying an additional 2,663 shares in the last quarter. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Price Performance

NYSE PAI opened at $12.43 on Friday. The business has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $12.61. Western Asset Investment Grade Income Fund Inc. has a 12 month low of $11.65 and a 12 month high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.0525 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Investment Grade Income Fund Profile

(Free Report)

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.