Whitener Capital Management Inc. Lowers Stock Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Whitener Capital Management Inc. lessened its stake in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,290 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Whitener Capital Management Inc. owned about 0.30% of Western Asset Investment Grade Income Fund worth $329,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its stake in Western Asset Investment Grade Income Fund by 6.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 122,693 shares of the financial services provider’s stock worth $1,465,000 after buying an additional 7,769 shares during the period. SeaBridge Investment Advisors LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 3.5% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 114,237 shares of the financial services provider’s stock worth $1,364,000 after acquiring an additional 3,864 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 11.3% in the 1st quarter. Guggenheim Capital LLC now owns 68,608 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 6,987 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Western Asset Investment Grade Income Fund by 72.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,415 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 21,259 shares during the period. Finally, UBS Group AG lifted its stake in shares of Western Asset Investment Grade Income Fund by 27.8% in the 1st quarter. UBS Group AG now owns 41,810 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 9,104 shares during the period. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Down 0.1 %

PAI stock traded down $0.01 on Tuesday, hitting $11.37. 7,051 shares of the company’s stock traded hands, compared to its average volume of 14,640. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $10.74 and a 1-year high of $13.05. The stock has a fifty day moving average of $11.60 and a 200-day moving average of $11.70.

Western Asset Investment Grade Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 24th were paid a $0.0465 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a yield of 4.86%.

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.