Western Asset Diversified Income Fund (NYSE:WDI) Trading Down 1.2% – Here’s What Happened

Western Asset Diversified Income Fund (NYSE:WDI) shares traded down 1.2% on Tuesday . The company traded as low as $13.29 and last traded at $13.32. 177,244 shares were traded during mid-day trading, a decline of 15% from the average session volume of 208,995 shares. The stock had previously closed at $13.48.

Western Asset Diversified Income Fund Price Performance

The company’s 50-day moving average is $13.60 and its two-hundred day moving average is $13.73.

Western Asset Diversified Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.1485 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 13.4%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WDI. Advisory Services Network LLC bought a new stake in Western Asset Diversified Income Fund during the third quarter worth $97,000. Geneos Wealth Management Inc. lifted its stake in Western Asset Diversified Income Fund by 555.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock valued at $100,000 after acquiring an additional 5,711 shares in the last quarter. Fifth Third Bancorp bought a new position in Western Asset Diversified Income Fund during the 1st quarter valued at $111,000. Sovran Advisors LLC purchased a new position in Western Asset Diversified Income Fund during the 1st quarter worth $150,000. Finally, Susquehanna International Group LLP purchased a new position in Western Asset Diversified Income Fund during the 3rd quarter worth $151,000.

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.