Western Asset Investment Grade Defined Opportunity Trust
IGI
22 hedge funds and large institutions have $33M invested in Western Asset Investment Grade Defined Opportunity Trust in 2019 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 2 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3% more capital invested
Capital invested by funds: $32.1M → $33M (+$883K)
0.24% less ownership
Funds ownership: 14.78% → 14.54% (-0.24%)
4% less funds holding
Funds holding: 23 → 22 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UR
USCA RIA
Houston,
Texas
|
+$321K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$283K |
| 3 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
+$199K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$185K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$53.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$598K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$287K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$270K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$231K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$146K |
IGI Hedge Fund Activity: Q2 2019 in Review
22 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2019, worth a combined $33M — up 2.8% from $32.1M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of IGI and 1 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 9 added.
The largest buyer was USCA RIA, adding an estimated $321K. The largest seller was Bank of America, cutting an estimated $598K.
- 22 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2019, down from 23 in Q1 2019.
- Funds reported $33M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2019, up 2.8% quarter-over-quarter.
- 1 fund opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2019 and 2 closed out, a net change of -1 holder.
- The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2019 was USCA RIA, an estimated $321K added.
- The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2019 was Bank of America, an estimated $598K sold.
Based on aggregated 13F filings for Q2 2019.