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IGI

Western Asset Investment Grade Defined Opportunity Trust

23 hedge funds and large institutions have $37.7M invested in Western Asset Investment Grade Defined Opportunity Trust in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

11% more capital invested

Capital invested by funds: $33.9M → $37.7M (+$3.86M)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

0.58% less ownership

Funds ownership: 16.68%16.1% (-0.58%)

4% less funds holding

Funds holding: 2423 (-1)

Holders
23
Holders Change
-1
Holders Change %
-4.17%
% of All Funds
0.47%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
8
Reduced
7
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$13.9M -$972K -46,479 -7%
UR
2
USCA RIA
Texas
$4.48M +$108K +5,149 +3%
Morgan Stanley
3
Morgan Stanley
New York
$3.36M +$230K +10,972 +8%
Bank of America
4
Bank of America
North Carolina
$3.26M +$209K +9,990 +7%
CAN
5
Cetera Advisor Networks
California
$2.4M +$744K +35,584 +47%
First Manhattan
6
First Manhattan
New York
$2.01M
Invesco
7
Invesco
Georgia
$1.96M -$87.7K -4,194 -4%
GC
8
Guggenheim Capital
Illinois
$1.45M -$109K -5,216 -7%
SIA
9
Sit Investment Associates
Minnesota
$1.18M -$189K -9,034 -14%
Wells Fargo
10
Wells Fargo
California
$840K +$308K +14,746 +61%
RJA
11
Raymond James & Associates
Florida
$684K +$20.2K +964 +3%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$534K -$74.7K -3,573 -13%
DAS
13
Dynamic Advisor Solutions
Arizona
$347K +$2.68K +128 +0.8%
Stifel Financial
14
Stifel Financial
Missouri
$297K -$331K -15,832 -54%
Citigroup
15
Citigroup
New York
$214K
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$213K -$20.9K -1,000 -9%
DMC
17
Drexel Morgan & Co
Pennsylvania
$208K +$201K +9,615 New
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$182K
SPIA
19
Steward Partners Investment Advisory
New York
$134K +$130K +6,212 New
Osaic Holdings
20
Osaic Holdings
Arizona
$43K +$397 +19 +1%
Fifth Third Bancorp
21
Fifth Third Bancorp
Ohio
$43K +$41.8K +2,000 New
VFA
22
Valeo Financial Advisors
Indiana
$15K
PAG
23
Private Advisor Group
New Jersey
$5K +$5.23K +250 New
WAM
24
Wolverine Asset Management
Illinois
-$597K -31,867 Closed
RVPG
25
Relative Value Partners Group
-$547K -29,194 Closed

IGI Hedge Fund Activity: Q2 2020 in Review

23 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Western Asset Investment Grade Defined Opportunity Trust (IGI) for Q2 2020, worth a combined $37.7M — up 11% from $33.9M a quarter earlier.

Fund positioning in IGI was balanced in Q2 2020: 4 funds opened new positions, 4 closed out, 8 added to existing stakes and 7 trimmed.

The largest buyer was Cetera Advisor Networks, adding an estimated $744K. The largest seller was UBS Group, cutting an estimated $972K.

  • 23 institutional investors held Western Asset Investment Grade Defined Opportunity Trust (IGI) as of Q2 2020, down from 24 in Q1 2020.
  • Funds reported $37.7M of Western Asset Investment Grade Defined Opportunity Trust stock for Q2 2020, up 11% quarter-over-quarter.
  • 4 funds opened new Western Asset Investment Grade Defined Opportunity Trust positions in Q2 2020 and 4 closed out, a net change of 0 holders.
  • The largest Western Asset Investment Grade Defined Opportunity Trust buyer in Q2 2020 was Cetera Advisor Networks, an estimated $744K added.
  • The largest Western Asset Investment Grade Defined Opportunity Trust seller in Q2 2020 was UBS Group, an estimated $972K sold.

Based on aggregated 13F filings for Q2 2020.