Western Asset Premier Bond Fund (NYSE:WEA) Stock Passes Above 50 Day Moving Average – Here’s Why

Western Asset Premier Bond Fund (NYSE:WEA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.14 and traded as high as $11.26. Western Asset Premier Bond Fund shares last traded at $11.14, with a volume of 62,948 shares changing hands.

Western Asset Premier Bond Fund Price Performance

The firm has a 50-day moving average price of $11.15 and a two-hundred day moving average price of $10.90.

Western Asset Premier Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 7.47%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Consolidated Portfolio Review Corp increased its holdings in shares of Western Asset Premier Bond Fund by 3.6% in the third quarter. Consolidated Portfolio Review Corp now owns 212,530 shares of the investment management company’s stock valued at $2,397,000 after purchasing an additional 7,326 shares during the last quarter. Private Advisor Group LLC increased its stake in Western Asset Premier Bond Fund by 24.1% during the third quarter. Private Advisor Group LLC now owns 157,864 shares of the investment management company’s stock worth $1,781,000 after acquiring an additional 30,613 shares during the last quarter. Fiera Capital Corp increased its stake in Western Asset Premier Bond Fund by 1.8% during the third quarter. Fiera Capital Corp now owns 152,479 shares of the investment management company’s stock worth $1,720,000 after acquiring an additional 2,752 shares during the last quarter. ProVise Management Group LLC increased its stake in Western Asset Premier Bond Fund by 2.5% during the second quarter. ProVise Management Group LLC now owns 125,249 shares of the investment management company’s stock worth $1,314,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in Western Asset Premier Bond Fund by 46.2% during the third quarter. Wolverine Asset Management LLC now owns 61,523 shares of the investment management company’s stock worth $694,000 after acquiring an additional 19,452 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.