Sit Investment Associates Inc. raised its holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Free Report) by 63.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 767,986 shares of the company’s stock after buying 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 58.3% in the first quarter. Comerica Bank now owns 1,900 shares of the company’s stock valued at $32,000 after buying an additional 700 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 3.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,485 shares of the company’s stock valued at $503,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 9.6% in the second quarter. Bank of America Corp DE now owns 31,205 shares of the company’s stock valued at $517,000 after buying an additional 2,730 shares during the last quarter. 1607 Capital Partners LLC raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 61.0% in the third quarter. 1607 Capital Partners LLC now owns 325,361 shares of the company’s stock valued at $5,430,000 after buying an additional 123,261 shares during the last quarter. Finally, UBS Group AG raised its stake in Western Asset Investment Grade Defined Opportunity Trust by 7.6% in the third quarter. UBS Group AG now owns 327,440 shares of the company’s stock valued at $5,465,000 after buying an additional 23,237 shares during the last quarter.
Western Asset Investment Grade Defined Opportunity Trust Trading Up 0.4%
Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.03 on Friday. The stock has a 50-day moving average of $16.12 and a two-hundred day moving average of $16.29. Western Asset Investment Grade Defined Opportunity Trust Inc. has a one year low of $15.78 and a one year high of $17.09.
Western Asset Investment Grade Defined Opportunity Trust Announces Dividend
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.
Featured Stories
- Five stocks we like better than Western Asset Investment Grade Defined Opportunity Trust
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding IGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Free Report).
Receive News & Ratings for Western Asset Investment Grade Defined Opportunity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Investment Grade Defined Opportunity Trust and related companies with MarketBeat.com's FREE daily email newsletter.
