Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Western Asset Inflation-Linked Income Fund (NYSE:WIA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.23 and traded as low as $8.18. Western Asset Inflation-Linked Income Fund shares last traded at $8.25, with a volume of 70,013 shares.

Western Asset Inflation-Linked Income Fund Price Performance

The firm has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $8.23.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be given a $0.052 dividend. This represents a $0.62 annualized dividend and a yield of 7.57%. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Western Asset Inflation-Linked Income Fund by 31.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,200 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,243 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Western Asset Inflation-Linked Income Fund during the 4th quarter worth about $244,000. Mezzasalma Advisors LLC bought a new stake in Western Asset Inflation-Linked Income Fund during the 4th quarter valued at approximately $251,000. Capstone Investment Advisors LLC bought a new stake in Western Asset Inflation-Linked Income Fund during the 3rd quarter valued at approximately $287,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Western Asset Inflation-Linked Income Fund during the 3rd quarter valued at approximately $296,000.

About Western Asset Inflation-Linked Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.