Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Passes Below 200 Day Moving Average of $8.01

Western Asset Inflation-Linked Income Fund (NYSE:WIA)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.01 and traded as low as $7.82. Western Asset Inflation-Linked Income Fund shares last traded at $7.85, with a volume of 172,452 shares changing hands.

Western Asset Inflation-Linked Income Fund Price Performance

The firm has a 50-day moving average price of $8.03 and a 200-day moving average price of $8.01.

Western Asset Inflation-Linked Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

Several large investors have recently modified their holdings of WIA. RHS Financial LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth about $684,000. Dakota Wealth Management raised its position in shares of Western Asset Inflation-Linked Income Fund by 9.2% in the 3rd quarter. Dakota Wealth Management now owns 96,118 shares of the financial services provider’s stock worth $752,000 after purchasing an additional 8,098 shares during the last quarter. Wakefield Asset Management LLLP raised its position in shares of Western Asset Inflation-Linked Income Fund by 7.4% in the 3rd quarter. Wakefield Asset Management LLLP now owns 88,361 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 6,051 shares during the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 3rd quarter worth about $326,000. Finally, Karpus Management Inc. raised its position in shares of Western Asset Inflation-Linked Income Fund by 4.6% in the 3rd quarter. Karpus Management Inc. now owns 6,905,403 shares of the financial services provider’s stock worth $54,000,000 after purchasing an additional 303,207 shares during the last quarter.

Western Asset Inflation-Linked Income Fund Company Profile

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.