Hennion & Walsh Asset Management Inc. Buys 29,585 Shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Hennion & Walsh Asset Management Inc. boosted its stake in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 67.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,607 shares of the company’s stock after purchasing an additional 29,585 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $1,257,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Oak Harbor Wealth Partners LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 4.6% in the second quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock worth $289,000 after buying an additional 745 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 7.6% during the 1st quarter. Moloney Securities Asset Management LLC now owns 122,862 shares of the company’s stock valued at $2,124,000 after purchasing an additional 8,658 shares during the period. 1607 Capital Partners LLC lifted its stake in shares of Western Asset Investment Grade Defined Opportunity Trust by 2.7% during the 4th quarter. 1607 Capital Partners LLC now owns 1,355,326 shares of the company’s stock valued at $23,827,000 after buying an additional 35,600 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in Western Asset Investment Grade Defined Opportunity Trust by 126.8% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 87,736 shares of the company’s stock worth $1,542,000 after buying an additional 49,044 shares during the period. Finally, Karpus Management Inc. increased its stake in Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% in the 1st quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock worth $9,698,000 after buying an additional 541,068 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

NYSE:IGI opened at $17.78 on Tuesday. The business’s 50-day simple moving average is $17.27 and its two-hundred day simple moving average is $17.08. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52 week low of $15.13 and a 52 week high of $17.81.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Thursday, November 21st.

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.