Lido Advisors LLC Has $269,000 Stock Position in Western Asset Inv Grade Income Fund Inc (NYSE:PAI)

Lido Advisors LLC increased its position in shares of Western Asset Inv Grade Income Fund Inc (NYSE:PAI) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,182 shares of the financial services provider’s stock after acquiring an additional 1,368 shares during the quarter. Lido Advisors LLC owned 0.19% of Western Asset Inv Grade Income Fund worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PAI. M&R Capital Management Inc. increased its stake in Western Asset Inv Grade Income Fund by 2,236.9% in the 1st quarter. M&R Capital Management Inc. now owns 30,380 shares of the financial services provider’s stock valued at $439,000 after buying an additional 29,080 shares during the period. Cetera Advisor Networks LLC acquired a new position in Western Asset Inv Grade Income Fund in the 1st quarter valued at approximately $375,000. Stifel Financial Corp acquired a new position in Western Asset Inv Grade Income Fund in the 4th quarter valued at approximately $153,000. Janney Montgomery Scott LLC acquired a new position in Western Asset Inv Grade Income Fund in the 1st quarter valued at approximately $162,000. Finally, Whitener Capital Management Inc. increased its stake in Western Asset Inv Grade Income Fund by 56.5% in the 1st quarter. Whitener Capital Management Inc. now owns 7,475 shares of the financial services provider’s stock valued at $110,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 5.18% of the company’s stock.

Western Asset Inv Grade Income Fund stock traded down $0.05 during trading hours on Wednesday, hitting $14.66. The company had a trading volume of 26,600 shares, compared to its average volume of 20,952. The company’s fifty day moving average is $14.87. Western Asset Inv Grade Income Fund Inc has a fifty-two week low of $12.90 and a fifty-two week high of $16.00.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a $0.0575 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.69 annualized dividend and a yield of 4.71%.

About Western Asset Inv 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.

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Institutional Ownership by Quarter for Western Asset Inv Grade Income Fund (NYSE:PAI)

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