Western Asset Inv Grade Income Fund (NYSE:PAI) Shares Pass Below 50-Day Moving Average of $15.40

Western Asset Inv Grade Income Fund Inc (NYSE:PAI) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.40 and traded as low as $16.73. Western Asset Inv Grade Income Fund shares last traded at $16.73, with a volume of 2,062 shares changing hands.

The stock’s fifty day moving average is $15.40 and its 200-day moving average is $15.02.

The company also recently disclosed a — dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be issued a dividend of $0.0575 per share. This represents a yield of 4.4%. The ex-dividend date is Thursday, November 21st.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC lifted its stake in Western Asset Inv Grade Income Fund by 8.1% in the first quarter. Lido Advisors LLC now owns 18,182 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,368 shares in the last quarter. Morgan Stanley lifted its stake in Western Asset Inv Grade Income Fund by 32.9% in the second quarter. Morgan Stanley now owns 17,392 shares of the financial services provider’s stock valued at $259,000 after buying an additional 4,302 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Western Asset Inv Grade Income Fund by 5.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,091 shares of the financial services provider’s stock valued at $254,000 after buying an additional 894 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Western Asset Inv Grade Income Fund by 8.4% in the second quarter. Janney Montgomery Scott LLC now owns 11,892 shares of the financial services provider’s stock valued at $177,000 after buying an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 4.96% of the company’s stock.

Western Asset Inv Grade Income Fund Company Profile (NYSE:PAI)

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.

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