Sit Investment Associates Inc. increased its position in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI – Free Report) by 63.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 767,986 shares of the company’s stock after buying an additional 297,365 shares during the period. Sit Investment Associates Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $12,672,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGI. Comerica Bank boosted 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 acquiring an additional 700 shares in the last quarter. Arax Advisory Partners purchased a new position in Western Asset Investment Grade Defined Opportunity Trust during the fourth quarter worth approximately $38,000. Stifel Financial Corp boosted its position in Western Asset Investment Grade Defined Opportunity Trust by 61.8% during the fourth quarter. Stifel Financial Corp now owns 16,530 shares of the company’s stock worth $273,000 after purchasing an additional 6,312 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings 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 purchasing an additional 1,000 shares during the period. Finally, Bank of America Corp DE grew its holdings 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 purchasing an additional 2,730 shares during the period.
Western Asset Investment Grade Defined Opportunity Trust Stock Performance
Western Asset Investment Grade Defined Opportunity Trust stock opened at $16.17 on Friday. The business has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $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 Dividend Announcement
Western Asset Investment Grade Defined Opportunity Trust Company 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.
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