Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 16.2% in the 3rd quarter, Holdings Channel reports. The fund owned 85,524 shares of the company’s stock after acquiring an additional 11,917 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $1,539,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IGI. Oak Harbor Wealth Partners LLC raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 4.6% during the second quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock worth $289,000 after purchasing an additional 745 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 1st quarter. Moloney Securities Asset Management LLC now owns 122,862 shares of the company’s stock worth $2,124,000 after purchasing an additional 8,658 shares during the period. Hara Capital LLC raised its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 20.4% during the 2nd quarter. Hara Capital LLC now owns 204,560 shares of the company’s stock worth $3,494,000 after buying an additional 34,665 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter valued at approximately $3,575,000. Finally, Karpus Management Inc. boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% in the first quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock valued at $9,698,000 after buying an additional 541,068 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.95 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a one year low of $15.15 and a one year high of $18.30. The business has a fifty day moving average of $17.67 and a two-hundred day moving average of $17.27.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be issued a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, November 21st.

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.