Sit Investment Associates Inc. Raises Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI

Sit Investment Associates Inc. increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 63.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,986 shares of the company’s stock after purchasing an additional 297,365 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $12,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IGI. Comerica Bank lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 58.3% during the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after purchasing an additional 700 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 2,730 shares during the last quarter. UBS Group AG lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after purchasing an additional 23,237 shares during the last quarter. 1607 Capital Partners LLC lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 61.0% during the 3rd quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock worth $5,430,000 after purchasing an additional 123,261 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 3.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock worth $503,000 after purchasing an additional 1,000 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of NYSE IGI opened at $16.03 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 1-year low of $15.78 and a 1-year high of $17.09. The business has a fifty day moving average price of $16.12 and a 200 day moving average price of $16.29.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.071 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 24th.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) is a closed-end management investment company that seeks to provide high current income while preserving capital through investments primarily in investment-grade fixed-income securities. The trust pursues a total return strategy by allocating assets across a variety of debt instruments, including senior secured and unsecured corporate bonds, asset-backed securities, mortgage-backed securities and U.S. government agency obligations.

The fund’s portfolio is actively managed to capitalize on yield opportunities and manage risk, combining top-down macroeconomic analysis with bottom-up credit research.