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

Western Asset Premier Bond Fund (NYSE:WEA)’s share 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 Price Performance

The business has a 50-day simple moving average of $10.96 and a 200-day simple moving average of $11.00.

Western Asset Premier Bond Fund Announces Dividend

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

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several institutional investors have recently modified their holdings of the business. Strategic Financial Concepts LLC acquired a new stake in Western Asset Premier Bond Fund in the fourth quarter valued at approximately $115,000. PFG Investments LLC lifted its holdings in shares of Western Asset Premier Bond Fund by 18.6% in the 4th quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,029 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Western Asset Premier Bond Fund in the third quarter valued at approximately $294,000. Commonwealth Equity Services LLC lifted its position in Western Asset Premier Bond Fund by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock worth $313,000 after acquiring an additional 1,133 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Western Asset Premier Bond Fund during the fourth quarter worth about $636,000.

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.