1607 Capital Partners LLC Has $8.90 Million Stock Position in Western Asset Investment Grade Income Fund Inc. $PAI

1607 Capital Partners LLC grew its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 712,889 shares of the financial services provider’s stock after buying an additional 63,734 shares during the period. 1607 Capital Partners LLC owned about 0.07% of Western Asset Investment Grade Income Fund worth $8,897,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC increased its position in shares of Western Asset Investment Grade Income Fund by 54.7% during the 4th 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. Kestra Advisory Services LLC acquired a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth approximately $32,000. Karpus Management Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund during the 4th quarter worth approximately $113,000. Fiera Capital Corp increased its position in shares of Western Asset Investment Grade Income Fund by 44.0% during the 4th quarter. Fiera Capital Corp now owns 133,223 shares of the financial services provider’s stock worth $1,663,000 after purchasing an additional 40,732 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 6,708 shares during the last quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Down 0.4%

NYSE:PAI opened at $12.11 on Thursday. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $11.72 and a twelve month high of $13.66. The stock’s 50 day moving average price is $12.15 and its two-hundred day moving average price is $12.36.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.0525 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%.

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.