Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Western Asset Premier Bond Fund (NYSE:WEA) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.98 and traded as low as $10.63. Western Asset Premier Bond Fund shares last traded at $10.74, with a volume of 41,334 shares traded.

Western Asset Premier Bond Fund Price Performance

The business has a 50-day moving average of $10.97 and a 200 day moving average of $10.97.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be paid a $0.07 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.82%.

Institutional Trading of Western Asset Premier Bond Fund

Hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Western Asset Premier Bond Fund during the third quarter valued at approximately $354,000. Private Advisor Group LLC increased its position in shares of Western Asset Premier Bond Fund by 24.1% during the 3rd quarter. Private Advisor Group LLC now owns 157,864 shares of the investment management company’s stock valued at $1,781,000 after purchasing an additional 30,613 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Western Asset Premier Bond Fund during the 3rd quarter valued at $294,000. Wolverine Asset Management LLC lifted its position in Western Asset Premier Bond Fund by 46.2% in the third quarter. Wolverine Asset Management LLC now owns 61,523 shares of the investment management company’s stock worth $694,000 after buying an additional 19,452 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its stake in Western Asset Premier Bond Fund by 3.6% during the third quarter. Consolidated Portfolio Review Corp now owns 212,530 shares of the investment management company’s stock worth $2,397,000 after buying an additional 7,326 shares during the period.

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.