Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Passes Below 200-Day Moving Average of $10.63

Western Asset Premier Bond Fund (NYSE:WEA) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.63 and traded as low as $10.54. Western Asset Premier Bond Fund shares last traded at $10.62, with a volume of 53,128 shares traded.

Western Asset Premier Bond Fund Price Performance

The company has a 50-day moving average price of $10.81 and a 200-day moving average price of $10.63.

Western Asset Premier Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 7.91%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in WEA. Envestnet Asset Management Inc. purchased a new stake in Western Asset Premier Bond Fund during the first quarter valued at about $173,000. Royal Bank of Canada raised its stake in shares of Western Asset Premier Bond Fund by 15.4% during the second quarter. Royal Bank of Canada now owns 10,313 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 1,374 shares during the period. Money Concepts Capital Corp purchased a new stake in shares of Western Asset Premier Bond Fund during the fourth quarter valued at approximately $95,000. Comerica Bank acquired a new position in shares of Western Asset Premier Bond Fund during the third quarter worth $61,000. Finally, Accuvest Global Advisors purchased a new position in shares of Western Asset Premier Bond Fund in the fourth quarter valued at $356,000.

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.