Private Management Group Inc. Has $2.74 Million Stock Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Private Management Group Inc. lessened its position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,639 shares of the company’s stock after selling 2,797 shares during the quarter. Private Management Group Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $2,736,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 25.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 562,196 shares of the company’s stock worth $8,900,000 after purchasing an additional 113,360 shares during the last quarter. Atlas Wealth LLC increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 114.2% during the 3rd quarter. Atlas Wealth LLC now owns 108,626 shares of the company’s stock worth $1,720,000 after purchasing an additional 57,910 shares during the last quarter. 1607 Capital Partners LLC increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.6% during the 3rd quarter. 1607 Capital Partners LLC now owns 1,319,726 shares of the company’s stock worth $20,891,000 after purchasing an additional 21,300 shares during the last quarter. Raymond James & Associates increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 1.8% during the 4th quarter. Raymond James & Associates now owns 67,516 shares of the company’s stock worth $1,187,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Almitas Capital LLC increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 6.9% during the 3rd quarter. Almitas Capital LLC now owns 14,018 shares of the company’s stock worth $222,000 after acquiring an additional 900 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.5 %

IGI traded down $0.08 during trading hours on Wednesday, reaching $16.60. The company’s stock had a trading volume of 20,853 shares, compared to its average volume of 29,304. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52 week low of $15.13 and a 52 week high of $17.79. The company’s 50-day moving average is $17.02 and its 200-day moving average is $16.76.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Wednesday, May 22nd. This is a boost from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07.

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.