Western Asset Investment Grade Defined Opportunity Trust
23 hedge funds and large institutions have $30.5M invested in Western Asset Investment Grade Defined Opportunity Trust in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 3 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
4% more capital invested
Capital invested by funds: $29.4M → $30.5M (+$1.13M)
0.55% more ownership
Funds ownership: 12.96% → 13.51% (+0.55%)
4% less funds holding
Funds holding: 24 → 23 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$950K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$305K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$273K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$81.4K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$42.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$261K |
| 2 |
LF
Lee Financial
Dallas,
Texas
|
-$189K |
| 3 |
Morgan Stanley
New York
|
-$25K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$14K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$13.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$7K | -332 | Closed |
|
IGI Hedge Fund Activity: Q3 2018 in Review
23 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q3 2018, worth a combined $30.5M — up 3.8% from $29.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of IGI and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 10 added.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $950K. The largest seller was Royal Bank of Canada, cutting an estimated $261K.
- 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q3 2018, down from 24 in Q2 2018.
- Funds reported $30.5M of Western Asset Investment Grade Defined Opportunity Trust stock for Q3 2018, up 3.8% quarter-over-quarter.
- 2 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q3 2018 and 3 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q3 2018 was Cetera Advisor Networks, an estimated $950K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q3 2018 was Royal Bank of Canada, an estimated $261K sold.
Based on aggregated 13F filings for Q3 2018.