Allspring Global Investments Holdings LLC Has $1.46 Million Stock Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Posted by on Oct 10th, 2023

Allspring Global Investments Holdings LLC raised its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report) by 148.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,325 shares of the financial services provider’s stock after purchasing an additional 74,910 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Western Asset Investment Grade Income Fund were worth $1,458,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in shares of Western Asset Investment Grade Income Fund by 73.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,724 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,150 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new stake in shares of Western Asset Investment Grade Income Fund in the 2nd quarter valued at $124,000. Kovack Advisors Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the 1st quarter valued at $131,000. Stifel Financial Corp boosted its holdings in shares of Western Asset Investment Grade Income Fund by 57.0% in the 1st quarter. Stifel Financial Corp now owns 17,961 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 6,520 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Western Asset Investment Grade Income Fund in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Trading Up 0.4 %

Shares of PAI opened at $11.01 on Tuesday. Western Asset Investment Grade Income Fund Inc. has a 52 week low of $10.74 and a 52 week high of $13.05. The stock has a fifty day moving average of $11.42 and a 200-day moving average of $11.64.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 22nd will be paid a $0.0475 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Tuesday, November 21st.

About Western Asset Investment Grade Income Fund

(Free Report)

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents.

See Also

Want to see what other hedge funds are holding PAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Investment Grade Income Fund Inc. (NYSE:PAI – Free Report).

Institutional Ownership by Quarter for Western Asset Investment Grade Income Fund (NYSE:PAI)

Receive News & Ratings for Western Asset Investment Grade Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Investment Grade Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.