Landscape Capital Management L.L.C. Decreases Position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Landscape Capital Management L.L.C. lessened its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 32.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,860 shares of the financial services provider’s stock after selling 8,018 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Western Asset Investment Grade Income Fund were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its position in Western Asset Investment Grade Income Fund by 3.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 172,213 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 5,067 shares during the period. International Assets Investment Management LLC raised its position in Western Asset Investment Grade Income Fund by 1,527.4% in the 3rd quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 86,299 shares during the period. Shaker Financial Services LLC purchased a new position in Western Asset Investment Grade Income Fund in the 2nd quarter worth $806,000. Wolverine Asset Management LLC purchased a new position in Western Asset Investment Grade Income Fund in the 2nd quarter worth $88,000. Finally, SeaBridge Investment Advisors LLC raised its position in Western Asset Investment Grade Income Fund by 4.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 140,365 shares of the financial services provider’s stock worth $1,696,000 after purchasing an additional 5,915 shares during the period. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

PAI stock opened at $12.49 on Tuesday. The firm’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $12.41. Western Asset Investment Grade Income Fund Inc. has a 12-month low of $11.42 and a 12-month high of $13.18.

Western Asset Investment Grade Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a $0.0515 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Thursday, November 21st.

Western Asset Investment Grade Income Fund 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.