Hennion & Walsh Asset Management Inc. Purchases 5,067 Shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Hennion & Walsh Asset Management Inc. grew its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,213 shares of the financial services provider’s stock after acquiring an additional 5,067 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Income Fund were worth $2,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Western Asset Investment Grade Income Fund in the 2nd quarter valued at $68,000. Wolverine Asset Management LLC acquired a new stake in Western Asset Investment Grade Income Fund during the second quarter worth about $88,000. Gilman Hill Asset Management LLC increased its holdings in Western Asset Investment Grade Income Fund by 20.0% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,500 shares during the period. Shaker Financial Services LLC acquired a new position in shares of Western Asset Investment Grade Income Fund in the 2nd quarter valued at approximately $806,000. Finally, SeaBridge Investment Advisors LLC lifted its holdings in shares of Western Asset Investment Grade Income Fund by 5.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 134,450 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 6,851 shares during the period. 18.99% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Price Performance

Shares of NYSE:PAI opened at $12.64 on Friday. Western Asset Investment Grade Income Fund Inc. has a 1 year low of $10.59 and a 1 year high of $13.18. The company’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $12.31.

Western Asset Investment Grade Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be paid a $0.0515 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.62 annualized dividend and a dividend yield of 4.89%.

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.