Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.98 and traded as low as $10.63. Western Asset Premier Bond Fund shares last traded at $10.74, with a volume of 41,334 shares changing hands.

Western Asset Premier Bond Fund Stock Performance

The firm has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $10.97.

Western Asset Premier Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 21st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 7.81%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds have recently made changes to their positions in WEA. Integrated Wealth Concepts LLC grew its stake in Western Asset Premier Bond Fund by 2.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after acquiring an additional 1,200 shares in the last quarter. Insight Wealth Partners LLC grew its position in Western Asset Premier Bond Fund by 1.8% during the third quarter. Insight Wealth Partners LLC now owns 84,295 shares of the investment management company’s stock valued at $951,000 after purchasing an additional 1,451 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Western Asset Premier Bond Fund by 12.0% in the 2nd 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. Fiera Capital Corp lifted its position in Western Asset Premier Bond Fund by 1.8% in the 3rd quarter. Fiera Capital Corp now owns 152,479 shares of the investment management company’s stock worth $1,720,000 after buying an additional 2,752 shares in the last quarter. Finally, ProVise Management Group LLC boosted its stake in shares of Western Asset Premier Bond Fund by 2.5% during 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 buying an additional 3,100 shares during the period.

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.