Whipplewood Advisors LLC Invests $987,000 in Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI

Whipplewood Advisors LLC acquired a new position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 59,514 shares of the company’s stock, valued at approximately $987,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IGI. Sit Investment Associates Inc. increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 59.4% during the first quarter. Sit Investment Associates Inc. now owns 262,404 shares of the company’s stock valued at $4,351,000 after acquiring an additional 97,747 shares during the last quarter. 1607 Capital Partners LLC raised its position in Western Asset Investment Grade Defined Opportunity Trust by 47.5% during the first quarter. 1607 Capital Partners LLC now owns 137,000 shares of the company’s stock valued at $2,271,000 after purchasing an additional 44,100 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 13.0% in the first quarter. Wolverine Asset Management LLC now owns 71,859 shares of the company’s stock worth $1,191,000 after buying an additional 8,247 shares during the period. Finally, Comerica Bank increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after buying an additional 700 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.2%

IGI opened at $16.70 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12 month low of $15.70 and a 12 month high of $17.09. The business’s 50-day moving average price is $16.73 and its 200-day moving average price is $16.49.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be paid a $0.071 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 5.1%.

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.