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

Wolverine Asset Management LLC bought a new stake in shares of Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 63,612 shares of the company’s stock, valued at approximately $1,038,000.

Several other large investors have also recently made changes to their positions in IGI. Melfa Wealth Management Inc. bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter worth $170,000. Quarry LP bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter worth $212,000. Oak Harbor Wealth Partners LLC raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 24.3% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 21,012 shares of the company’s stock worth $378,000 after acquiring an additional 4,112 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 16.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 85,524 shares of the company’s stock worth $1,539,000 after acquiring an additional 11,917 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 84.6% in the 3rd quarter. Jane Street Group LLC now owns 209,405 shares of the company’s stock worth $3,769,000 after acquiring an additional 95,942 shares in the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Price Performance

IGI opened at $16.72 on Friday. The stock has a fifty day moving average price of $16.50 and a 200-day moving average price of $17.03. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 12 month low of $16.09 and a 12 month high of $18.30.

Western Asset Investment Grade Defined Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.071 per share. This represents a $0.85 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset Investment Grade Defined Opportunity Trust Company 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.