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

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.96 and traded as high as $11.38. Western Asset Premier Bond Fund shares last traded at $11.22, with a volume of 33,156 shares changing hands.

Western Asset Premier Bond Fund Stock Performance

The firm’s 50 day moving average is $10.96 and its 200-day moving average is $11.00.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.07 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 7.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in shares of Western Asset Premier Bond Fund in the 4th quarter valued at $2,753,000. Consolidated Portfolio Review Corp increased its position in shares of Western Asset Premier Bond Fund by 1.1% in the 4th quarter. Consolidated Portfolio Review Corp now owns 214,828 shares of the investment management company’s stock worth $2,314,000 after purchasing an additional 2,298 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Western Asset Premier Bond Fund by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 164,648 shares of the investment management company’s stock worth $1,773,000 after buying an additional 6,784 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Western Asset Premier Bond Fund in the 4th quarter worth about $1,668,000. Finally, Bank of America Corp DE boosted its holdings in shares of Western Asset Premier Bond Fund by 2.5% in the 4th quarter. Bank of America Corp DE now owns 108,230 shares of the investment management company’s stock valued at $1,166,000 after buying an additional 2,634 shares during the period.

About Western Asset Premier Bond Fund

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.