Oak Harbor Wealth Partners LLC Reduces Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Oak Harbor Wealth Partners LLC decreased its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,491 shares of the company’s stock after selling 1,521 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $318,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IGI. Jane Street Group LLC boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the third quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after buying an additional 95,942 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $1,722,000. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $1,038,000. Quarry LP acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the third quarter worth about $212,000. Finally, Melfa Wealth Management Inc. acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth about $170,000.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.2 %

Shares of IGI opened at $16.54 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a twelve month low of $16.09 and a twelve month high of $18.30. The stock’s 50 day moving average is $16.53 and its two-hundred day moving average is $16.98.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.071 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.