Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Passes Above Fifty Day Moving Average of $10.69

Western Asset Premier Bond Fund (NYSE:WEA)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.69 and traded as high as $10.75. Western Asset Premier Bond Fund shares last traded at $10.72, with a volume of 10,267 shares trading hands.

Western Asset Premier Bond Fund Stock Up 0.2 %

The business has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $10.68.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Wednesday, May 22nd.

Institutional Trading of Western Asset Premier Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Western Asset Premier Bond Fund during the 3rd quarter worth about $214,000. Insight Wealth Partners LLC grew its holdings in Western Asset Premier Bond Fund by 1.6% during the third quarter. Insight Wealth Partners LLC now owns 88,129 shares of the investment management company’s stock worth $889,000 after acquiring an additional 1,401 shares during the period. Consolidated Portfolio Review Corp raised its position in Western Asset Premier Bond Fund by 49.9% during the third quarter. Consolidated Portfolio Review Corp now owns 90,131 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 30,008 shares in the last quarter. Raymond James & Associates lifted its holdings in Western Asset Premier Bond Fund by 75.2% in the fourth quarter. Raymond James & Associates now owns 20,448 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 8,776 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Western Asset Premier Bond Fund by 21.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 34,308 shares of the investment management company’s stock valued at $371,000 after acquiring an additional 6,100 shares during the period.

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.