Aviance Capital Partners LLC Has $335,000 Stock Position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Aviance Capital Partners LLC lessened its holdings in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,865 shares of the financial services provider’s stock after selling 2,151 shares during the period. Aviance Capital Partners LLC’s holdings in Western Asset Investment Grade Income Fund were worth $335,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PAI. Meadow Creek Wealth Advisors LLC bought a new stake in Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $360,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 6.7% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 125,261 shares of the financial services provider’s stock valued at $1,409,000 after purchasing an additional 7,884 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Western Asset Investment Grade Income Fund by 6.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 132,968 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 7,643 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Western Asset Investment Grade Income Fund by 12.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 192,206 shares of the financial services provider’s stock worth $2,162,000 after buying an additional 21,484 shares during the last quarter. Finally, 1607 Capital Partners LLC lifted its holdings in Western Asset Investment Grade Income Fund by 4.7% in the third quarter. 1607 Capital Partners LLC now owns 738,886 shares of the financial services provider’s stock valued at $8,312,000 after buying an additional 33,200 shares during the period. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock traded up $0.11 during trading hours on Tuesday, reaching $12.20. 13,067 shares of the company’s stock were exchanged, compared to its average volume of 21,401. The firm’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $11.82. Western Asset Investment Grade Income Fund Inc. has a twelve month low of $10.59 and a twelve month high of $12.29.

Western Asset Investment Grade Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be paid a dividend of $0.049 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.59 annualized dividend and a yield of 4.82%.

Western Asset Investment Grade Income Fund Company 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.