Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) Stock Position Lessened by Martin Capital Partners LLC

Martin Capital Partners LLC reduced its stake in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 44.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,531 shares of the financial services provider’s stock after selling 9,104 shares during the period. Martin Capital Partners LLC’s holdings in Western Asset Investment Grade Income Fund were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PAI. International Assets Investment Management LLC increased its stake in Western Asset Investment Grade Income Fund by 1,527.4% during the 3rd quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 86,299 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Western Asset Investment Grade Income Fund by 24.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 42,107 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its stake in shares of 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 valued at $1,817,000 after acquiring an additional 2,663 shares during the period. 18.99% of the stock is currently owned by institutional investors.

Western Asset Investment Grade Income Fund Stock Performance

PAI opened at $12.67 on Wednesday. The business has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $12.57. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.65 and a 1-year high of $13.18.

Western Asset Investment Grade Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.62 annualized dividend and a yield of 4.88%.

Western Asset Investment Grade Income Fund Company Profile

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.