Western Asset Diversified Income Fund (NYSE:WDI) Trading 0.6% Higher – Should You Buy?

Western Asset Diversified Income Fund (NYSE:WDI)’s stock price traded up 0.6% during mid-day trading on Monday . The stock traded as high as $13.30 and last traded at $13.2050. 213,854 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 234,056 shares. The stock had previously closed at $13.12.

Western Asset Diversified Income Fund Price Performance

The stock has a 50 day moving average of $13.84 and a 200 day moving average of $14.24.

Western Asset Diversified Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.1485 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

A number of large investors have recently modified their holdings of WDI. &PARTNERS purchased a new position in shares of Western Asset Diversified Income Fund during the fourth quarter worth approximately $3,105,000. Readystate Asset Management LP bought a new position in Western Asset Diversified Income Fund during the 4th quarter worth approximately $2,907,000. Sit Investment Associates Inc. purchased a new position in Western Asset Diversified Income Fund in the 4th quarter worth approximately $2,647,000. Shaker Financial Services LLC purchased a new position in Western Asset Diversified Income Fund in the 4th quarter worth approximately $1,859,000. Finally, Balyasny Asset Management L.P. bought a new stake in Western Asset Diversified Income Fund in the fourth quarter valued at approximately $1,226,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.