Wolverine Asset Management LLC Purchases Shares of 63,612 Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Wolverine Asset Management LLC purchased a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) during the 4th quarter, HoldingsChannel reports. The firm purchased 63,612 shares of the company’s stock, valued at approximately $1,038,000.

Other large investors have also added to or reduced their stakes in the company. Melfa Wealth Management Inc. purchased a new stake in Western Asset Investment Grade Defined Opportunity Trust during the 4th quarter valued at about $170,000. Quarry LP purchased a new stake in Western Asset Investment Grade Defined Opportunity Trust during the 3rd quarter valued at about $212,000. Oak Harbor Wealth Partners LLC grew its stake in 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. grew its stake in Western Asset Investment Grade Defined Opportunity Trust by 16.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock valued at $1,539,000 after purchasing an additional 11,917 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 purchasing an additional 95,942 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of IGI opened at $16.72 on Friday. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52 week low of $16.09 and a 52 week high of $18.30. The stock’s 50-day moving average price is $16.50 and its 200-day moving average price is $17.03.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.071 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.10%.

Western Asset Investment Grade Defined Opportunity Trust Profile

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.