Western Asset Diversified Income Fund (NYSE:WDI) Shares Down 0.2% – Time to Sell?

Western Asset Diversified Income Fund (NYSE:WDI) was down 0.2% on Monday. The company traded as low as $11.55 and last traded at $11.6070. 329,113 shares were traded during trading, an increase of 40% from the average session volume of 235,205 shares. The stock had previously closed at $11.63.

Western Asset Diversified Income Fund Stock Performance

The company has a fifty day moving average of $12.33 and a two-hundred day moving average of $13.09.

Western Asset Diversified Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.1485 per share. The ex-dividend date is Friday, November 20th. This represents a $1.78 annualized dividend and a yield of 15.3%.

Insiders Place Their Bets

In other Western Asset Diversified Income Fund news, insider Michael Carlton Buchanan bought 5,000 shares of Western Asset Diversified Income Fund stock in a transaction dated Thursday, September 24th. The stock was bought at an average price of $11.88 per share, with a total value of $59,400.00. Following the completion of the transaction, the insider owned 20,000 shares in the company, valued at $237,600. The trade was a 33.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nisha Kumar sold 13,886 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $13.14, for a total transaction of $182,462.04. Following the completion of the transaction, the director owned 6,750 shares in the company, valued at $88,695. This trade represents a 67.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of Western Asset Diversified Income Fund

A number of institutional investors have recently bought and sold shares of WDI. Baird Financial Group Inc. boosted its stake in shares of Western Asset Diversified Income Fund by 3.3% in the second quarter. Baird Financial Group Inc. now owns 47,317 shares of the company’s stock valued at $642,000 after buying an additional 1,532 shares during the period. Concurrent Investment Advisors LLC increased its stake in Western Asset Diversified Income Fund by 7.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 24,403 shares of the company’s stock worth $331,000 after acquiring an additional 1,626 shares during the period. NewEdge Advisors LLC increased its stake in Western Asset Diversified Income Fund by 4.7% during the 1st quarter. NewEdge Advisors LLC now owns 37,160 shares of the company’s stock worth $499,000 after acquiring an additional 1,655 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Western Asset Diversified Income Fund by 0.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 475,973 shares of the company’s stock worth $6,454,000 after acquiring an additional 2,011 shares during the period. Finally, Allworth Financial LP raised its holdings in Western Asset Diversified Income Fund by 125.0% in the 2nd quarter. Allworth Financial LP now owns 4,500 shares of the company’s stock valued at $61,000 after acquiring an additional 2,500 shares in the last quarter.

Western Asset Diversified Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol WDI. The fund is managed by Western Asset Management Company, a global fixed-income investment manager and part of the Franklin Templeton organization.

The fund seeks to provide current income and long-term total return by investing in a diversified portfolio of income-producing securities. Its investments may include corporate bonds, loans, structured credit, government and agency securities, and other fixed-income instruments.