Western Asset Investment Grade Defined Opportunity Trust (NYSE:IGI) Trading Down 0.4% – Should You Sell?

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) fell 0.4% during trading on Wednesday . The stock traded as low as $16.71 and last traded at $16.73. 12,055 shares were traded during trading, an increase of 27% from the average session volume of 9,527 shares. The stock had previously closed at $16.79.

Western Asset Investment Grade Defined Opportunity Trust Stock Performance

The company has a 50 day moving average price of $16.51 and a 200 day moving average price of $17.04.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several institutional investors have recently added to or reduced their stakes in IGI. Hennion & Walsh Asset Management Inc. boosted its stake in 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 valued at $1,539,000 after purchasing an additional 11,917 shares during the period. Oak Harbor Wealth Partners LLC boosted its stake in 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 valued at $378,000 after purchasing an additional 4,112 shares during the period. Quarry LP bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 3rd quarter valued at $212,000. Jane Street Group LLC boosted its stake in 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 valued at $3,769,000 after purchasing an additional 95,942 shares during the period. Finally, Melfa Wealth Management Inc. bought a new stake in Western Asset Investment Grade Defined Opportunity Trust in the 4th quarter valued at $170,000.

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.