Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) Raises Dividend to $0.07 Per Share

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) declared a dividend on Wednesday, August 2nd, NASDAQ reports. Investors of record on Friday, September 22nd will be given a dividend of 0.0685 per share on Monday, October 2nd. The ex-dividend date is Thursday, September 21st. This is a boost from Western Asset Investment Grade Defined Opportunity Trust’s previous dividend of $0.07.

Western Asset Investment Grade Defined Opportunity Trust Stock Up 0.1 %

Western Asset Investment Grade Defined Opportunity Trust stock traded up $0.02 during mid-day trading on Tuesday, reaching $16.03. 5,407 shares of the company were exchanged, compared to its average volume of 24,541. The firm’s 50-day simple moving average is $16.27 and its two-hundred day simple moving average is $16.46. Western Asset Investment Grade Defined Opportunity Trust has a twelve month low of $15.22 and a twelve month high of $17.44.

Institutional Investors Weigh In On Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds have recently modified their holdings of IGI. Bank of America Corp DE raised its position in Western Asset Investment Grade Defined Opportunity Trust by 39.8% during the 4th quarter. Bank of America Corp DE now owns 104,482 shares of the company’s stock worth $1,701,000 after buying an additional 29,747 shares during the last quarter. UBS Group AG increased its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 5.2% during the first quarter. UBS Group AG now owns 461,487 shares of the company’s stock worth $7,813,000 after acquiring an additional 22,726 shares during the period. Thrivent Financial for Lutherans purchased a new position in Western Asset Investment Grade Defined Opportunity Trust during the third quarter worth about $288,000. First Trust Advisors LP purchased a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 1st quarter valued at approximately $265,000. Finally, Wells Fargo & Company MN increased its position in Western Asset Investment Grade Defined Opportunity Trust by 14.8% during the 2nd quarter. Wells Fargo & Company MN now owns 113,546 shares of the company’s stock worth $1,853,000 after purchasing an additional 14,677 shares during the period.

About Western Asset Investment Grade Defined Opportunity Trust

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.