Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Trading Down 0.4% – Should You Sell?

Shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) traded down 0.4% on Wednesday . The company traded as low as $16.71 and last traded at $16.73. 12,055 shares were traded during mid-day trading, an increase of 27% from the average session volume of 9,527 shares. The stock had previously closed at $16.79.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

The stock has a 50 day simple moving average of $16.51 and a two-hundred day simple moving average of $17.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IGI. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after acquiring an additional 11,917 shares during the period. Oak Harbor Wealth Partners LLC boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock worth $378,000 after acquiring an additional 4,112 shares during the period. Quarry LP bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 3rd quarter worth approximately $212,000. Jane Street Group LLC boosted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after acquiring an additional 95,942 shares during the period. Finally, Melfa Wealth Management Inc. bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter worth approximately $170,000.

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.