Melfa Wealth Management Inc. Buys Shares of 10,424 Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Melfa Wealth Management Inc. purchased a new position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,424 shares of the company’s stock, valued at approximately $170,000.

A number of other large investors have also added to or reduced their stakes in IGI. Quarry LP acquired a new stake in Western Asset Investment Grade Defined Opportunity Trust in the third quarter valued at approximately $212,000. Oak Harbor Wealth Partners LLC lifted its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock valued at $378,000 after purchasing an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after purchasing an additional 11,917 shares in the last quarter. Almitas Capital LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter worth $3,575,000. Finally, Jane Street Group LLC increased its position in Western Asset Investment Grade Defined Opportunity Trust by 84.6% during the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock valued at $3,769,000 after buying an additional 95,942 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

Shares of NYSE IGI opened at $16.44 on Wednesday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a fifty-two week low of $16.09 and a fifty-two week high of $18.30. The business has a 50-day simple moving average of $16.56 and a two-hundred day simple moving average of $17.14.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a dividend of $0.071 per share. This represents a $0.85 annualized dividend and a yield of 5.18%. The ex-dividend date is Friday, January 24th.

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.