Wolverine Asset Management LLC Sells 9,894 Shares of Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI

Wolverine Asset Management LLC trimmed its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,965 shares of the company’s stock after selling 9,894 shares during the quarter. Wolverine Asset Management LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $1,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IGI. Sit Investment Associates Inc. boosted 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 worth $4,351,000 after purchasing an additional 97,747 shares in the last quarter. Comerica Bank boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after purchasing an additional 700 shares in the last quarter. 1607 Capital Partners LLC boosted its position in shares of 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 worth $2,271,000 after purchasing an additional 44,100 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the second quarter worth $987,000.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of NYSE:IGI opened at $16.66 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 company’s fifty day simple moving average is $16.75 and its 200 day simple moving average is $16.52.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

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

Western Asset Investment Grade Defined Opportunity Trust 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.