Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Announces $0.07 Monthly Dividend

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a monthly dividend on Thursday, November 20th. Stockholders of record on Tuesday, December 23rd will be given a dividend of 0.071 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Western Asset Investment Grade Defined Opportunity Trust Stock Down 0.1%

Shares of IGI stock traded down $0.02 during trading hours on Thursday, hitting $16.39. 69,063 shares of the company were exchanged, compared to its average volume of 14,126. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.70 and a 52 week high of $17.09. The business has a 50 day moving average of $16.70 and a two-hundred day moving average of $16.55.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds and other institutional investors have recently modified their holdings of IGI. 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 buying an additional 700 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter valued at approximately $379,000. Shaker Financial Services LLC boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 118.0% during the 2nd quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock worth $443,000 after acquiring an additional 14,411 shares during the last quarter. Bank of America Corp DE boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 9.6% during the 2nd quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock worth $517,000 after acquiring an additional 2,730 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth approximately $987,000.

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.