Hara Capital LLC Cuts Stock Holdings in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI)

Hara Capital LLC reduced its position in Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) by 79.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,160 shares of the company’s stock after selling 162,400 shares during the period. Hara Capital LLC’s holdings in Western Asset Investment Grade Defined Opportunity Trust were worth $759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oak Harbor Wealth Partners LLC increased its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 4.6% in the 2nd quarter. Oak Harbor Wealth Partners LLC now owns 16,900 shares of the company’s stock worth $289,000 after purchasing an additional 745 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Western Asset Investment Grade Defined Opportunity Trust by 67.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 73,607 shares of the company’s stock worth $1,257,000 after buying an additional 29,585 shares in the last quarter. Almitas Capital LLC purchased a new position in Western Asset Investment Grade Defined Opportunity Trust in the 2nd quarter worth about $3,575,000. Finally, Karpus Management Inc. raised its position in Western Asset Investment Grade Defined Opportunity Trust by 2,727.4% in the 1st quarter. Karpus Management Inc. now owns 560,906 shares of the company’s stock worth $9,698,000 after buying an additional 541,068 shares during the last quarter.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

Shares of NYSE IGI traded up $0.17 during trading on Thursday, reaching $16.77. 7,256 shares of the company traded hands, compared to its average volume of 24,575. Western Asset Investment Grade Defined Opportunity Trust Inc. has a 52-week low of $15.89 and a 52-week high of $18.30. The firm has a 50 day simple moving average of $17.53 and a 200-day simple moving average of $17.28.

Western Asset Investment Grade Defined Opportunity Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.071 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.85 annualized dividend and a dividend yield of 5.08%.

Western Asset Investment Grade Defined Opportunity Trust 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.