Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below 50-Day Moving Average of $10.70

Western Asset Premier Bond Fund (NYSE:WEAGet Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.70 and traded as low as $10.57. Western Asset Premier Bond Fund shares last traded at $10.58, with a volume of 33,332 shares trading hands.

Western Asset Premier Bond Fund Price Performance

The firm has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $10.82.

Western Asset Premier Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.94%. The ex-dividend date of this dividend is Friday, August 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Consolidated Portfolio Review Corp boosted its stake in shares of Western Asset Premier Bond Fund by 49.9% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 90,131 shares of the investment management company’s stock worth $909,000 after buying an additional 30,008 shares during the last quarter. Raymond James & Associates boosted its position in Western Asset Premier Bond Fund by 75.2% during the fourth quarter. Raymond James & Associates now owns 20,448 shares of the investment management company’s stock valued at $221,000 after buying an additional 8,776 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Western Asset Premier Bond Fund by 21.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 34,308 shares of the investment management company’s stock worth $371,000 after purchasing an additional 6,100 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Western Asset Premier Bond Fund during the fourth quarter worth about $183,000. Finally, Invictus Private Wealth LLC purchased a new stake in Western Asset Premier Bond Fund in the fourth quarter worth about $413,000.

About Western Asset Premier Bond Fund

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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.

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