Western Asset Premier Bond Fund (NYSE:WEA) Shares Pass Below Fifty Day Moving Average of $11.25

view original post

Western Asset Premier Bond Fund (NYSE:WEAGet Rating) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.25 and traded as low as $10.50. Western Asset Premier Bond Fund shares last traded at $10.57, with a volume of 47,311 shares traded.

The stock’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $12.42.

The company also recently announced a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 23rd will be given a dividend of $0.066 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.79 dividend on an annualized basis and a yield of 7.49%.

A number of hedge funds and other institutional investors have recently made changes to their positions in WEA. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Premier Bond Fund in the 1st quarter valued at $759,000. Invesco Ltd. boosted its holdings in shares of Western Asset Premier Bond Fund by 207.0% in the 4th quarter. Invesco Ltd. now owns 66,876 shares of the investment management company’s stock valued at $958,000 after purchasing an additional 45,089 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Western Asset Premier Bond Fund in the 4th quarter valued at $638,000. Lloyd Park LLC acquired a new position in shares of Western Asset Premier Bond Fund in the 4th quarter valued at $546,000. Finally, Fiera Capital Corp boosted its holdings in shares of Western Asset Premier Bond Fund by 35.0% in the 1st quarter. Fiera Capital Corp now owns 115,769 shares of the investment management company’s stock valued at $1,389,000 after purchasing an additional 30,021 shares during the last quarter.

About Western Asset Premier Bond Fund (NYSE:WEA)

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.

Recommended Stories

Receive News & Ratings for Western Asset Premier Bond Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Western Asset Premier Bond Fund and related companies with MarketBeat.com’s FREE daily email newsletter.