Western Asset Premier Bond Fund (NYSE:WEA) Share Price Crosses Above 50-Day Moving Average of $10.66

Western Asset Premier Bond Fund (NYSE:WEA) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.66 and traded as high as $10.85. Western Asset Premier Bond Fund shares last traded at $10.83, with a volume of 27,767 shares trading hands.

Western Asset Premier Bond Fund Stock Up 0.1 %

The company’s 50 day moving average price is $10.66 and its two-hundred day moving average price is $10.72.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Wednesday, May 22nd.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of WEA. PFG Investments LLC bought a new stake in Western Asset Premier Bond Fund during the first quarter valued at about $1,838,000. Consolidated Portfolio Review Corp grew its stake in shares of Western Asset Premier Bond Fund by 40.2% during the 4th quarter. Consolidated Portfolio Review Corp now owns 126,370 shares of the investment management company’s stock valued at $1,365,000 after acquiring an additional 36,239 shares during the period. Private Advisor Group LLC increased its holdings in Western Asset Premier Bond Fund by 588.0% in the 1st quarter. Private Advisor Group LLC now owns 116,273 shares of the investment management company’s stock worth $1,237,000 after acquiring an additional 99,373 shares in the last quarter. Insight Wealth Partners LLC increased its holdings in Western Asset Premier Bond Fund by 1.6% in the 3rd quarter. Insight Wealth Partners LLC now owns 88,129 shares of the investment management company’s stock worth $889,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Invictus Private Wealth LLC bought a new stake in Western Asset Premier Bond Fund during the 4th quarter worth approximately $413,000.

Western Asset Premier Bond Fund Company Profile

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.