StoneX Group Inc. Purchases Shares of 19,940 Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

StoneX Group Inc. acquired a new position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,940 shares of the financial services provider’s stock, valued at approximately $249,000. StoneX Group Inc. owned 0.21% of Western Asset Investment Grade Income Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PAI. Hennion & Walsh Asset Management Inc. increased its position in Western Asset Investment Grade Income Fund by 24.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 214,320 shares of the financial services provider’s stock worth $2,681,000 after acquiring an additional 42,107 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Western Asset Investment Grade Income Fund by 58.7% during the fourth quarter. Jones Financial Companies Lllp now owns 155,099 shares of the financial services provider’s stock worth $1,940,000 after purchasing an additional 57,376 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in shares of Western Asset Investment Grade Income Fund by 1.9% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 145,231 shares of the financial services provider’s stock worth $1,817,000 after purchasing an additional 2,663 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Investment Grade Income Fund in the fourth quarter valued at approximately $574,000. Finally, Aviance Capital Partners LLC boosted its stake in shares of Western Asset Investment Grade Income Fund by 12.6% in the fourth quarter. Aviance Capital Partners LLC now owns 23,357 shares of the financial services provider’s stock valued at $292,000 after buying an additional 2,612 shares during the period. Institutional investors and hedge funds own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Stock Performance

Western Asset Investment Grade Income Fund stock opened at $12.79 on Thursday. The stock’s fifty day moving average price is $12.66 and its two-hundred day moving average price is $12.63. Western Asset Investment Grade Income Fund Inc. has a one year low of $11.65 and a one year high of $13.18.

Western Asset Investment Grade Income Fund Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.0525 dividend. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 4.91%. This is a boost from Western Asset Investment Grade Income Fund’s previous dividend of $0.05.

About Western Asset Investment Grade Income Fund

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.