Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 63.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 767,986 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 1607 Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.9% in the fourth quarter. 1607 Capital Partners LLC now owns 380,260 shares of the company’s stock worth $6,274,000 after purchasing an additional 54,899 shares during the last quarter. UBS Group AG increased its holdings in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the 3rd quarter. UBS Group AG now owns 327,440 shares of the company’s stock worth $5,465,000 after buying an additional 23,237 shares during the period. Wells Fargo & Company MN raised its position in Western Asset Investment Grade Defined Opportunity Trust by 31.6% during the 4th quarter. Wells Fargo & Company MN now owns 75,892 shares of the company’s stock worth $1,252,000 after buying an additional 18,206 shares during the last quarter. Bank of America Corp DE raised 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 buying an additional 2,730 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in 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 valued at $503,000 after acquiring an additional 1,000 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.2%

IGI stock opened at $16.17 on Friday. The firm’s fifty day simple moving average is $16.12 and its 200-day simple moving average is $16.28. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12 month low of $15.78 and a 12 month high of $17.09.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

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

Western Asset Investment Grade Defined Opportunity Trust Profile

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.