Whipplewood Advisors LLC Invests $987,000 in Western Asset Investment Grade Defined Opportunity Trust Inc. $IGI

Whipplewood Advisors LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 59,514 shares of the company’s stock, valued at approximately $987,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Sit Investment Associates Inc. raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 59.4% in the 1st quarter. Sit Investment Associates Inc. now owns 262,404 shares of the company’s stock worth $4,351,000 after acquiring an additional 97,747 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 47.5% in the 1st quarter. 1607 Capital Partners LLC now owns 137,000 shares of the company’s stock worth $2,271,000 after acquiring an additional 44,100 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 13.0% in the 1st quarter. Wolverine Asset Management LLC now owns 71,859 shares of the company’s stock worth $1,191,000 after acquiring an additional 8,247 shares during the last quarter. Finally, Comerica Bank raised its holdings in Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the 1st quarter. Comerica Bank now owns 1,900 shares of the company’s stock worth $32,000 after acquiring an additional 700 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of NYSE IGI opened at $16.70 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a twelve month low of $15.70 and a twelve month high of $17.09. The company has a 50 day moving average of $16.73 and a 200 day moving average of $16.49.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be paid a dividend of $0.071 per share. The ex-dividend date 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 Company 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.