Western Asset Investment Grade Defined Opportunity Trust
24 hedge funds and large institutions have $33.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2017 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 2 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 23 → 24 (+1)
4% more capital invested
Capital invested by funds: $32.5M → $33.7M (+$1.21M)
0.3% less ownership
Funds ownership: 13.95% → 13.64% (-0.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$193K |
| 2 |
Morgan Stanley
New York
|
+$120K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$113K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$81.5K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$29.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$629K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$338K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$254K |
| 4 |
FMA
FNY Managed Accounts
New York
|
-$144K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$17.3K |
IGI Hedge Fund Activity: Q4 2017 in Review
24 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q4 2017, worth a combined $33.7M — up 3.7% from $32.5M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IGI positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $193K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $629K sold.
- 24 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q4 2017, up from 23 in Q3 2017.
- Funds reported $33.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q4 2017, up 3.7% quarter-over-quarter.
- 3 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q4 2017 and 2 closed out, a net change of +1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q4 2017 was Raymond James Financial Services Advisors, an estimated $193K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q4 2017 was Robinson Capital Management, an estimated $629K sold.
Based on aggregated 13F filings for Q4 2017.