Western Asset Premier Bond Fund (NYSE:WEA) Stock Passes Below 50 Day Moving Average – What’s Next?

Western Asset Premier Bond Fund (NYSE:WEA) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.15 and traded as low as $11.01. Western Asset Premier Bond Fund shares last traded at $11.06, with a volume of 43,939 shares trading hands.

Western Asset Premier Bond Fund Price Performance

The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.85.

Western Asset Premier Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.84 dividend on an annualized basis and a yield of 7.59%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Western Asset Premier Bond Fund by 12.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 24,200 shares of the investment management company’s stock valued at $254,000 after buying an additional 2,592 shares during the period. Private Advisor Group LLC raised its position in shares of Western Asset Premier Bond Fund by 588.0% during the 1st quarter. Private Advisor Group LLC now owns 116,273 shares of the investment management company’s stock valued at $1,237,000 after acquiring an additional 99,373 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of Western Asset Premier Bond Fund by 2.5% in the 2nd quarter. ProVise Management Group LLC now owns 125,249 shares of the investment management company’s stock valued at $1,314,000 after purchasing an additional 3,100 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Western Asset Premier Bond Fund by 62.5% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 205,204 shares of the investment management company’s stock worth $2,153,000 after purchasing an additional 78,895 shares during the last quarter.

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.