Western Asset Premier Bond Fund (NYSE:WEA) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.92 and traded as high as $11.01. Western Asset Premier Bond Fund shares last traded at $10.97, with a volume of 16,870 shares changing hands.

Western Asset Premier Bond Fund Price Performance

The business has a fifty day moving average of $10.91 and a 200-day moving average of $11.03.

Western Asset Premier Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Friday, February 21st.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of hedge funds have recently modified their holdings of WEA. Strategic Financial Concepts LLC acquired a new position in shares of Western Asset Premier Bond Fund in the 4th quarter valued at about $115,000. Consolidated Portfolio Review Corp increased its stake in shares of Western Asset Premier Bond Fund by 1.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 214,828 shares of the investment management company’s stock worth $2,314,000 after purchasing an additional 2,298 shares during the period. PFG Investments LLC lifted its holdings in shares of Western Asset Premier Bond Fund by 18.6% during the fourth quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock worth $140,000 after buying an additional 2,029 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Western Asset Premier Bond Fund by 232.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock valued at $1,121,000 after purchasing an additional 72,768 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in Western Asset Premier Bond Fund by 2.1% during the third quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after acquiring an additional 1,200 shares during the period.

About Western Asset Premier Bond Fund

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.