November 18, 2016 - By Hazel Jackson · 0 Comments
Western Asset Investment Grade Defined Opportunity Trust Inc (NYSE:IGI) institutional sentiment increased to 1.33 in Q2 2016. Its up 0.78, from 0.55 in 2016Q1. The ratio increased, as 6 active investment managers opened new or increased equity positions, while 11 sold and reduced stakes in Western Asset Investment Grade Defined Opportunity Trust Inc. The active investment managers in our partner’s database now own: 900,846 shares, down from 1.10 million shares in 2016Q1. Also, the number of active investment managers holding Western Asset Investment Grade Defined Opportunity Trust Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 5 New Position: 1.
Western Asset Investment Grade Defined Opportunity Trust Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $231.71 million. The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders. It currently has negative earnings. As a secondary investment objective, the Fund will seek capital appreciation.
The stock decreased 0.29% or $0.06 on November 17, hitting $20.89. Western Asset Invest. Grade Defined Opp (NYSE:IGI) has risen 0.38% since April 18, 2016 and is uptrending. It has underperformed by 4.05% the S&P500.
Drexel Morgan & Co. holds 0.23% of its portfolio in Western Asset Invest. Grade Defined Opp for 9,615 shares. Clenar Muke Llc owns 45,669 shares or 0.06% of their US portfolio. Moreover, First Manhattan Co has 0.05% invested in the company for 357,273 shares. The New York-based Focused Wealth Management Inc has invested 0.01% in the stock. Ameriprise Financial Inc, a Minnesota-based fund reported 10,716 shares.#img1#
Another recent and important Western Asset Invest. Grade Defined Opp (NYSE:IGI) news was published by Seekingalpha.com which published an article titled: “X-Raying CEFL (Part 3): Interest Rate Sensitivity” on June 23, 2015.
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By Hazel Jackson