Western Asset Diversified Income Fund (NYSE:WDI) Trading Up 0.6% – Time to Buy?

Western Asset Diversified Income Fund (NYSE:WDI) traded up 0.6% during 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 daily volume of 203,763 shares. The stock had previously closed at $13.54.

Western Asset Diversified Income Fund Stock Up 0.6%

The company’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $13.67.

Western Asset Diversified Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Western Asset Diversified Income Fund by 15.1% during the 1st quarter. Royal Bank of Canada now owns 212,244 shares of the company’s stock valued at $3,067,000 after acquiring an additional 27,777 shares during the period. Integrated Wealth Concepts LLC bought a new position in Western Asset Diversified Income Fund in the 1st quarter worth $531,000. Jane Street Group LLC raised its holdings in Western Asset Diversified Income Fund by 8.8% in the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock worth $250,000 after purchasing an additional 1,393 shares during the period. Cetera Investment Advisers lifted its position in Western Asset Diversified Income Fund by 10.9% during the second quarter. Cetera Investment Advisers now owns 30,768 shares of the company’s stock valued at $457,000 after purchasing an additional 3,025 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Western Asset Diversified Income Fund by 35.0% during the second quarter. JPMorgan Chase & Co. now owns 143,759 shares of the company’s stock valued at $2,133,000 after purchasing an additional 37,259 shares in the last quarter.

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.