Western Asset Diversified Income Fund (NYSE:WDI) Trading Up 0.6% – What’s Next?

Western Asset Diversified Income Fund (NYSE:WDI) shares were up 0.6% during mid-day trading on Tuesday . The stock traded as high as $13.65 and last traded at $13.6240. 140,039 shares were traded during trading, a decline of 31% from the average session volume of 203,763 shares. The stock had previously closed at $13.54.

Western Asset Diversified Income Fund Stock Up 0.6%

The business’s 50 day moving average price is $13.51 and its 200 day moving average price is $13.67.

Western Asset Diversified Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.1485 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

A number of large investors have recently added to or reduced their stakes in WDI. Hennion & Walsh Asset Management Inc. raised its stake in Western Asset Diversified Income Fund by 0.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 475,973 shares of the company’s stock valued at $6,454,000 after buying an additional 2,011 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Western Asset Diversified Income Fund by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 438,469 shares of the company’s stock worth $6,507,000 after buying an additional 12,246 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in shares of Western Asset Diversified Income Fund by 2.0% in the third quarter. Polar Asset Management Partners Inc. now owns 262,130 shares of the company’s stock worth $3,856,000 after acquiring an additional 5,124 shares during the period. Royal Bank of Canada grew its holdings in shares of Western Asset Diversified Income Fund by 9.0% in the first quarter. Royal Bank of Canada now owns 243,125 shares of the company’s stock worth $3,268,000 after acquiring an additional 20,145 shares during the period. Finally, &PARTNERS purchased a new stake in Western Asset Diversified Income Fund during the fourth quarter valued at $3,105,000.

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.