Western Asset Premier Bond Fund (NYSE:WEA – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.67 and traded as low as $10.48. Western Asset Premier Bond Fund shares last traded at $10.48, with a volume of 23,173 shares trading hands.
Western Asset Premier Bond Fund Trading Down 0.4%
The firm has a fifty day moving average price of $10.54 and a 200-day moving average price of $10.67.
Hedge Funds Weigh In On Western Asset Premier Bond Fund
Several large investors have recently bought and sold shares of WEA. Smith Asset Management Co. LLC lifted its position in shares of Western Asset Premier Bond Fund by 10.5% during the 4th quarter. Smith Asset Management Co. LLC now owns 14,963 shares of the investment management company’s stock valued at $165,000 after buying an additional 1,426 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Western Asset Premier Bond Fund by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,075 shares of the investment management company’s stock worth $255,000 after acquiring an additional 1,800 shares in the last quarter. Coston McIsaac & Partners purchased a new stake in Western Asset Premier Bond Fund in the 4th quarter worth $31,000. Whipplewood Advisors LLC raised its position in Western Asset Premier Bond Fund by 0.9% during the first quarter. Whipplewood Advisors LLC now owns 369,988 shares of the investment management company’s stock worth $3,914,000 after acquiring an additional 3,121 shares during the period. Finally, Royal Bank of Canada raised its position in Western Asset Premier Bond Fund by 28.1% during the first quarter. Royal Bank of Canada now owns 14,712 shares of the investment management company’s stock worth $156,000 after acquiring an additional 3,230 shares during the period.
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.
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