Raymond James Financial Inc. Buys New Shares in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Raymond James Financial Inc. purchased a new position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 105,563 shares of the company’s stock, valued at approximately $1,722,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 1,333.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,150 shares of the company’s stock worth $35,000 after acquiring an additional 2,000 shares in the last quarter. Melfa Wealth Management Inc. purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter valued at $170,000. Quarry LP acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter valued at $212,000. Wolverine Asset Management LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth about $1,038,000. Finally, Jane Street Group LLC increased its stake in Western Asset Investment Grade Defined Opportunity Trust by 84.6% in the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after purchasing an additional 95,942 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.2 %

IGI stock opened at $16.59 on Tuesday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a one year low of $16.09 and a one year high of $18.30. The firm has a 50-day moving average of $16.62 and a two-hundred day moving average of $16.82.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.071 dividend. This represents a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07.

Western Asset Investment Grade Defined Opportunity Trust Company Profile

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.