UBS Group AG Reduces Stock Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

UBS Group AG cut its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Get Rating) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 438,761 shares of the company’s stock after selling 30,197 shares during the period. UBS Group AG’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $7,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Advisors purchased a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter valued at approximately $187,000. Thrivent Financial for Lutherans acquired a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the third quarter worth about $288,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 3.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,399 shares of the company’s stock worth $465,000 after acquiring an additional 1,128 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter worth about $532,000. Finally, Raymond James & Associates grew its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 5.3% during the 3rd quarter. Raymond James & Associates now owns 63,781 shares of the company’s stock valued at $976,000 after acquiring an additional 3,207 shares during the period.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.6 %

NYSE IGI opened at $16.29 on Friday. The stock has a 50-day moving average of $16.72 and a 200 day moving average of $16.66. Western Asset Investment Grade Defined Opportunity Trust Inc. has a twelve month low of $15.22 and a twelve month high of $18.27.

Western Asset Investment Grade Defined Opportunity Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 23rd will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.94%. This is an increase from Western Asset Investment Grade Defined Opportunity Trust’s previous monthly dividend of $0.07. The ex-dividend date is Thursday, June 22nd.

Western Asset Investment Grade Defined Opportunity Trust Profile

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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.