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

Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.58 and traded as low as $12.17. Western Asset Investment Grade Income Fund shares last traded at $12.18, with a volume of 7,621 shares.

Western Asset Investment Grade Income Fund Stock Down 0.8%

The firm has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $12.58.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.0525 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Investors Weigh In On Western Asset Investment Grade Income Fund

Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in Western Asset Investment Grade Income Fund in the 4th quarter worth approximately $32,000. CWM LLC raised its position in shares of Western Asset Investment Grade Income Fund by 760.9% during the 3rd quarter. CWM LLC now owns 3,960 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,500 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth $71,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Western Asset Investment Grade Income Fund by 4,791.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,848 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 6,708 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Western Asset Investment Grade Income Fund by 35.3% in the fourth quarter. Bank of America Corp DE now owns 8,694 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 2,267 shares in the last quarter. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Company Profile

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.