Clifford Swan Investment Counsel LLC Has $717,000 Stock Holdings in Western Asset Investment Grade Income Fund Inc. (NYSE:PAI)

Clifford Swan Investment Counsel LLC reduced its position in shares of Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,576 shares of the financial services provider’s stock after selling 8,600 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Western Asset Investment Grade Income Fund were worth $717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAI. Allspring Global Investments Holdings LLC increased its position in shares of Western Asset Investment Grade Income Fund by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 145,557 shares of the financial services provider’s stock worth $1,753,000 after acquiring an additional 12,589 shares in the last quarter. SeaBridge Investment Advisors LLC increased its holdings in Western Asset Investment Grade Income Fund by 1.9% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 127,599 shares of the financial services provider’s stock worth $1,536,000 after purchasing an additional 2,338 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in Western Asset Investment Grade Income Fund during the 4th quarter worth approximately $360,000. 1607 Capital Partners LLC raised its stake in shares of Western Asset Investment Grade Income Fund by 4.7% in the third quarter. 1607 Capital Partners LLC now owns 738,886 shares of the financial services provider’s stock worth $8,312,000 after purchasing an additional 33,200 shares during the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in shares of Western Asset Investment Grade Income Fund during the third quarter valued at approximately $338,000. Institutional investors own 18.99% of the company’s stock.

Western Asset Investment Grade Income Fund Trading Down 0.9 %

NYSE PAI traded down $0.11 on Monday, reaching $12.09. The company had a trading volume of 7,670 shares, compared to its average volume of 21,497. The company’s fifty day moving average is $11.96 and its 200 day moving average is $11.81. Western Asset Investment Grade Income Fund Inc. has a 52-week low of $10.59 and a 52-week high of $12.29.

Western Asset Investment Grade Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a $0.049 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 4.86%.

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.