Western Asset Premier Bond Fund (NYSE:WEA) Shares Pass Above 50 Day Moving Average – What’s Next?

Western Asset Premier Bond Fund (NYSE:WEA)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.96 and traded as high as $11.38. Western Asset Premier Bond Fund shares last traded at $11.22, with a volume of 33,156 shares changing hands.

Western Asset Premier Bond Fund Price Performance

The company has a fifty day moving average price of $10.96 and a 200-day moving average price of $11.01.

Western Asset Premier Bond Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, March 24th. This represents a dividend yield of 7.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Western Asset Premier Bond Fund during the fourth quarter valued at $636,000. Commonwealth Equity Services LLC lifted its holdings in shares of Western Asset Premier Bond Fund by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,046 shares of the investment management company’s stock valued at $313,000 after acquiring an additional 1,133 shares during the last quarter. StoneX Group Inc. purchased a new position in Western Asset Premier Bond Fund in the fourth quarter worth about $872,000. Raymond James Financial Inc. bought a new stake in Western Asset Premier Bond Fund during the fourth quarter worth approximately $1,668,000. Finally, Whipplewood Advisors LLC purchased a new stake in Western Asset Premier Bond Fund during the fourth quarter valued at approximately $2,753,000.

About Western Asset Premier Bond Fund

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.