Allspring Global Investments Holdings LLC Decreases Stock Position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 150,796 shares of the financial services provider’s stock after selling 6,500 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Investment Grade Income Fund were worth $1,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Shaker Financial Services LLC purchased a new position in Western Asset Investment Grade Income Fund during the second quarter worth $806,000. Wolverine Asset Management LLC purchased a new stake in Western Asset Investment Grade Income Fund during the 2nd quarter worth about $88,000. SeaBridge Investment Advisors LLC raised its stake 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 valued at $1,696,000 after purchasing an additional 5,915 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Western Asset Investment Grade Income Fund in the 2nd quarter valued at about $68,000. Finally, Gilman Hill Asset Management LLC lifted 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 purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Trading Up 0.5 %

Shares of NYSE PAI opened at $12.56 on Thursday. The company has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $12.33. Western Asset Investment Grade Income Fund Inc. has a 12 month low of $10.65 and a 12 month high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.62 annualized dividend and a yield of 4.92%.

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.