Western Asset Diversified Income Fund (NYSE:WDI) Trading 1.4% Higher – Should You Buy?

Shares of Western Asset Diversified Income Fund (NYSE:WDI) shot up 1.4% on Monday . The company traded as high as $13.45 and last traded at $13.42. 186,371 shares changed hands during trading, a decline of 15% from the average session volume of 219,629 shares. The stock had previously closed at $13.23.

Western Asset Diversified Income Fund Price Performance

The firm has a 50-day simple moving average of $14.47 and a 200 day simple moving average of $14.78.

Western Asset Diversified Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Wednesday, April 23rd will be given a dividend of $0.1485 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.78 annualized dividend and a yield of 13.07%.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Western Asset Diversified Income Fund in the third quarter worth $289,000. Sanctuary Advisors LLC increased its stake in shares of Western Asset Diversified Income Fund by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 56,011 shares of the company’s stock valued at $828,000 after buying an additional 1,925 shares during the period. JPMorgan Chase & Co. raised its position in shares of Western Asset Diversified Income Fund by 30.3% during the third quarter. JPMorgan Chase & Co. now owns 52,460 shares of the company’s stock worth $823,000 after acquiring an additional 12,211 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Western Asset Diversified Income Fund by 11.2% in the fourth quarter. SeaCrest Wealth Management LLC now owns 16,283 shares of the company’s stock worth $232,000 after acquiring an additional 1,637 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Western Asset Diversified Income Fund by 27.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 265,852 shares of the company’s stock valued at $3,788,000 after acquiring an additional 58,072 shares during the last quarter.