Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Western Asset Premier Bond Fund (NYSE:WEA)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.01 and traded as low as $10.85. Western Asset Premier Bond Fund shares last traded at $10.98, with a volume of 15,152 shares.

Western Asset Premier Bond Fund Price Performance

The business’s 50 day moving average is $10.95 and its 200 day moving average is $11.01.

Western Asset Premier Bond Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Western Asset Premier Bond Fund’s previous dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in Western Asset Premier Bond Fund in the fourth quarter valued at about $115,000. PFG Investments LLC lifted its position in shares of Western Asset Premier Bond Fund by 18.6% during the fourth quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock worth $140,000 after purchasing an additional 2,029 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Western Asset Premier Bond Fund during the third quarter worth approximately $294,000. Commonwealth Equity Services LLC raised its stake in shares of Western Asset Premier Bond Fund by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock worth $313,000 after buying an additional 1,133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Western Asset Premier Bond Fund by 2.1% during the third quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock worth $651,000 after buying an additional 1,200 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.