Western Asset Premier Bond Fund (NYSE:WEA) Shares Cross Below Fifty Day Moving Average – What’s Next?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.14 and traded as low as $11.13. Western Asset Premier Bond Fund shares last traded at $11.17, with a volume of 39,628 shares changing hands.

Western Asset Premier Bond Fund Stock Down 0.1%

The stock has a 50 day moving average price of $11.14 and a two-hundred day moving average price of $10.89.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 20th will be paid a $0.07 dividend. The ex-dividend date is Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of Western Asset Premier Bond Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEA. Whipplewood Advisors LLC lifted its holdings in shares of Western Asset Premier Bond Fund by 219.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock valued at $2,950,000 after purchasing an additional 186,821 shares in the last quarter. Invictus Private Wealth LLC raised its position in 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 valued at $1,007,000 after buying an additional 40,520 shares during the last quarter. Private Advisor Group LLC raised its position in Western Asset Premier Bond Fund by 17.9% in the 1st quarter. Private Advisor Group LLC now owns 194,175 shares of the investment management company’s stock valued at $2,177,000 after buying an additional 29,527 shares during the last quarter. Sit Investment Associates Inc. raised its position in Western Asset Premier Bond Fund by 3.6% in the 1st quarter. Sit Investment Associates Inc. now owns 694,111 shares of the investment management company’s stock valued at $7,781,000 after buying an additional 24,092 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position 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 valued at $2,528,000 after buying an additional 21,132 shares during the last quarter.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.