Western Asset Diversified Income Fund (NYSE:WDI) Trading Down 0.6% – Here’s What Happened

Western Asset Diversified Income Fund (NYSE:WDI)’s stock price fell 0.6% on Friday . The stock traded as low as $12.60 and last traded at $12.65. 248,147 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 208,453 shares. The stock had previously closed at $12.72.

Western Asset Diversified Income Fund Stock Down 0.6%

The firm’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $13.48.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a $0.1485 dividend. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 14.1%.

Insiders Place Their Bets

In related news, Director Nisha Kumar sold 13,886 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $13.14, for a total value of $182,462.04. Following the completion of the transaction, the director directly owned 6,750 shares in the company, valued at approximately $88,695. This represents a 67.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Large investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC grew its holdings in shares of Western Asset Diversified Income Fund by 7.6% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,593 shares of the company’s stock worth $248,000 after purchasing an additional 1,170 shares during the period. Jane Street Group LLC raised its holdings in Western Asset Diversified Income Fund by 8.8% in the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock valued at $250,000 after buying an additional 1,393 shares during the period. Envestnet Asset Management Inc. raised its holdings in Western Asset Diversified Income Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,024 shares of the company’s stock valued at $368,000 after buying an additional 1,558 shares during the period. Concurrent Investment Advisors LLC lifted its position in Western Asset Diversified Income Fund by 7.1% in the second quarter. Concurrent Investment Advisors LLC now owns 24,403 shares of the company’s stock valued at $331,000 after buying an additional 1,626 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Western Asset Diversified Income Fund by 4.7% in the first quarter. NewEdge Advisors LLC now owns 37,160 shares of the company’s stock valued at $499,000 after buying an additional 1,655 shares during 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.