Western Asset Diversified Income Fund (NYSE:WDI) Trading 0.8% Higher – Should You Buy?

Western Asset Diversified Income Fund (NYSE:WDI)’s share price traded up 0.8% on Tuesday . The stock traded as high as $13.85 and last traded at $13.85. 158,397 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 230,250 shares. The stock had previously closed at $13.74.

Western Asset Diversified Income Fund Stock Performance

The stock has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $14.04.

Western Asset Diversified Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.1485 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.9%.

Institutional Trading of Western Asset Diversified Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of WDI. Sit Investment Associates Inc. purchased a new stake in shares of Western Asset Diversified Income Fund during the fourth quarter valued at approximately $2,647,000. Closed End Fund Advisors Inc. purchased a new position in Western Asset Diversified Income Fund in the 4th quarter worth approximately $378,000. COFG Advisors LLC purchased a new position in Western Asset Diversified Income Fund in the 4th quarter worth approximately $432,000. Global Retirement Partners LLC lifted its position in Western Asset Diversified Income Fund by 710.5% in the 4th quarter. Global Retirement Partners LLC now owns 13,860 shares of the company’s stock valued at $191,000 after acquiring an additional 12,150 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its position in Western Asset Diversified Income Fund by 1.7% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 135,929 shares of the company’s stock valued at $1,877,000 after acquiring an additional 2,261 shares in the last quarter.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.