Western Asset Premier Bond Fund (NYSE:WEA) Share Price Passes Below Two Hundred Day Moving Average of $10.64

Western Asset Premier Bond Fund (NYSE:WEA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.64 and traded as low as $10.54. Western Asset Premier Bond Fund shares last traded at $10.61, with a volume of 64,466 shares.

Western Asset Premier Bond Fund Stock Performance

The business’s 50 day moving average price is $10.74 and its 200-day moving average price is $10.64.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 7.92%. The ex-dividend date is Wednesday, May 22nd.

Institutional Trading of Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of WEA. Comerica Bank acquired a new stake in Western Asset Premier Bond Fund in the 3rd quarter worth about $61,000. Money Concepts Capital Corp acquired a new stake in Western Asset Premier Bond Fund in the 4th quarter worth about $95,000. Royal Bank of Canada raised its stake in Western Asset Premier Bond Fund by 15.4% in the 2nd quarter. Royal Bank of Canada now owns 10,313 shares of the investment management company’s stock worth $105,000 after purchasing an additional 1,374 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Western Asset Premier Bond Fund in the 1st quarter valued at about $173,000. Finally, Private Advisor Group LLC bought a new position in Western Asset Premier Bond Fund in the 4th quarter valued at about $183,000.

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.