Western Asset Diversified Income Fund (NYSE:WDI) Shares Up 0.6% – Here’s What Happened

Western Asset Diversified Income Fund (NYSE:WDI)’s stock price shot up 0.6% during trading on Friday . The company traded as high as $14.50 and last traded at $14.49. 124,805 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 216,328 shares. The stock had previously closed at $14.40.

Western Asset Diversified Income Fund Price Performance

The stock’s 50 day moving average price is $14.85 and its 200 day moving average price is $15.02.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.1485 per share. The ex-dividend date is Monday, March 24th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 12.30%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Elequin Capital LP acquired a new position in shares of Western Asset Diversified Income Fund during the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC lifted its position in shares of Western Asset Diversified Income Fund by 77.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 3,540 shares of the company’s stock valued at $50,000 after acquiring an additional 1,550 shares during the period. Anfield Capital Management LLC acquired a new position in shares of Western Asset Diversified Income Fund during the 4th quarter valued at $56,000. Farther Finance Advisors LLC lifted its position in shares of Western Asset Diversified Income Fund by 40.5% during the 4th quarter. Farther Finance Advisors LLC now owns 5,618 shares of the company’s stock valued at $80,000 after acquiring an additional 1,618 shares during the period. Finally, Walleye Capital LLC acquired a new position in Western Asset Diversified Income Fund during the fourth quarter worth $203,000.