International Assets Investment Management LLC Makes New Investment in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

International Assets Investment Management LLC acquired a new position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,650 shares of the financial services provider’s stock, valued at approximately $68,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gilman Hill Asset Management LLC increased its holdings in Western Asset Investment Grade Income Fund by 17.6% during the 1st quarter. Gilman Hill Asset Management LLC now owns 12,500 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 1,875 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Western Asset Investment Grade Income Fund by 2.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 157,296 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 3,933 shares in the last quarter. SeaBridge Investment Advisors LLC grew its position in shares of Western Asset Investment Grade Income Fund by 5.4% in 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 in the last quarter. Tortoise Investment Management LLC grew its position in shares of Western Asset Investment Grade Income Fund by 36.1% in the 4th quarter. Tortoise Investment Management LLC now owns 27,959 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 7,418 shares in the last quarter. Finally, 1607 Capital Partners LLC grew its position in shares of Western Asset Investment Grade Income Fund by 19.3% in the 4th quarter. 1607 Capital Partners LLC now owns 881,739 shares of the financial services provider’s stock worth $10,616,000 after acquiring an additional 142,853 shares in the last quarter. 18.99% of the stock is currently owned by hedge funds and other institutional investors.

Western Asset Investment Grade Income Fund Trading Down 0.3 %

Shares of PAI opened at $12.57 on Wednesday. The stock has a 50 day moving average of $12.32 and a 200-day moving average of $12.10. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $10.59 and a 52 week high of $12.71.

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.