Western Asset Diversified Income Fund (NYSE:WDI) Stock Price Up 0.2% – Should You Buy?

Shares of Western Asset Diversified Income Fund (NYSE:WDI) rose 0.2% during mid-day trading on Monday . The company traded as high as $15.12 and last traded at $15.09. Approximately 142,036 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 181,551 shares. The stock had previously closed at $15.06.

Western Asset Diversified Income Fund Price Performance

The stock’s 50-day simple moving average is $14.89 and its 200-day simple moving average is $14.59.

Western Asset Diversified Income Fund Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be given a $0.1485 dividend. This represents a yield of 1,190.0%. The ex-dividend date of this dividend is Thursday, November 20th.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Western Asset Diversified Income Fund in the fourth quarter valued at about $1,160,000. Polar Asset Management Partners Inc. purchased a new position in Western Asset Diversified Income Fund in the fourth quarter valued at about $963,000. Hennion & Walsh Asset Management Inc. boosted its stake in Western Asset Diversified Income Fund by 24.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 331,067 shares of the company’s stock valued at $4,784,000 after acquiring an additional 65,215 shares during the last quarter. Shaker Financial Services LLC boosted its stake in Western Asset Diversified Income Fund by 203.7% in the fourth quarter. Shaker Financial Services LLC now owns 83,036 shares of the company’s stock valued at $1,183,000 after acquiring an additional 55,698 shares during the last quarter. Finally, Readystate Asset Management LP boosted its stake in Western Asset Diversified Income Fund by 128.0% in the first quarter. Readystate Asset Management LP now owns 77,934 shares of the company’s stock valued at $1,126,000 after acquiring an additional 43,750 shares during the last quarter.