Aviance Capital Partners LLC Has $267,000 Position in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Aviance Capital Partners LLC trimmed its holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,745 shares of the financial services provider’s stock after selling 6,167 shares during the quarter. Aviance Capital Partners LLC’s holdings in Western Asset Investment Grade Income Fund were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. increased its holdings in Western Asset Investment Grade Income Fund by 3.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 172,213 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 5,067 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Western Asset Investment Grade Income Fund by 1,527.4% in the 3rd quarter. International Assets Investment Management LLC now owns 91,949 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 86,299 shares in the last quarter. Shaker Financial Services LLC acquired a new position in shares of Western Asset Investment Grade Income Fund during the 2nd quarter valued at $806,000. Wolverine Asset Management LLC bought a new position in Western Asset Investment Grade Income Fund during the second quarter worth $88,000. Finally, SeaBridge Investment Advisors LLC grew its holdings in Western Asset Investment Grade Income Fund by 4.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 140,365 shares of the financial services provider’s stock worth $1,696,000 after purchasing an additional 5,915 shares during the period. 18.99% of the stock is owned by institutional investors and hedge funds.

Western Asset Investment Grade Income Fund Trading Down 1.4 %

Shares of NYSE PAI opened at $12.52 on Wednesday. The firm’s 50-day moving average price is $12.74 and its 200-day moving average price is $12.40. Western Asset Investment Grade Income Fund Inc. has a 1-year low of $11.36 and a 1-year high of $13.18.

Western Asset Investment Grade Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be paid a dividend of $0.0515 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, November 21st.

Western Asset Investment Grade Income Fund Profile

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.