Western Asset Premier Bond Fund (NYSE:WEA) Share Price Passes Above 50 Day Moving Average – Here’s Why

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.09 and traded as high as $11.10. Western Asset Premier Bond Fund shares last traded at $11.09, with a volume of 18,287 shares traded.

Western Asset Premier Bond Fund Price Performance

The firm has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $11.06.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invictus Private Wealth LLC raised its position in shares of Western Asset Premier Bond Fund by 77.5% in the 2nd quarter. Invictus Private Wealth LLC now owns 92,820 shares of the investment management company’s stock worth $1,007,000 after purchasing an additional 40,520 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in Western Asset Premier Bond Fund by 219.7% in the second quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock worth $2,950,000 after buying an additional 186,821 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Western Asset Premier Bond Fund in the second quarter worth approximately $99,000. Invesco Ltd. grew its holdings in shares of Western Asset Premier Bond Fund by 6.0% during the second quarter. Invesco Ltd. now owns 95,727 shares of the investment management company’s stock valued at $1,039,000 after buying an additional 5,416 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Western Asset Premier Bond Fund by 10.0% in the 2nd quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock worth $2,528,000 after acquiring an additional 21,132 shares during the last quarter.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.