Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below 50 Day Moving Average – What’s Next?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price crossed 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 Trading Up 0.2 %

The company’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $10.97.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEA. Consolidated Portfolio Review Corp grew its position 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 boosted its stake in 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 period. Fiera Capital Corp grew its holdings in Western Asset Premier Bond Fund by 1.8% in the 3rd quarter. Fiera Capital Corp now owns 152,479 shares of the investment management company’s stock valued at $1,720,000 after buying an additional 2,752 shares during the last quarter. ProVise Management Group LLC increased its position in Western Asset Premier Bond Fund by 2.5% in the 2nd quarter. ProVise Management Group LLC now owns 125,249 shares of the investment management company’s stock worth $1,314,000 after buying an additional 3,100 shares during the period. Finally, Insight Wealth Partners LLC increased its position in Western Asset Premier Bond Fund by 1.8% in the 3rd quarter. Insight Wealth Partners LLC now owns 84,295 shares of the investment management company’s stock worth $951,000 after buying an additional 1,451 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.