Western Asset Premier Bond Fund (NYSE:WEA) Share Price Passes Above Fifty Day Moving Average of $10.69

Western Asset Premier Bond Fund (NYSE:WEA) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.69 and traded as high as $10.75. Western Asset Premier Bond Fund shares last traded at $10.72, with a volume of 10,267 shares changing hands.

Western Asset Premier Bond Fund Trading Up 0.2 %

The firm’s 50-day moving average price is $10.69 and its 200-day moving average price is $10.68.

Western Asset Premier Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Large investors have recently made changes to their positions in the company. Accuvest Global Advisors bought a new stake in Western Asset Premier Bond Fund in the 4th quarter worth approximately $356,000. Invictus Private Wealth LLC bought a new position in Western Asset Premier Bond Fund during the fourth quarter valued at $413,000. Private Advisor Group LLC purchased a new position in shares of Western Asset Premier Bond Fund in the 4th quarter worth $183,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Western Asset Premier Bond Fund by 21.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 34,308 shares of the investment management company’s stock worth $371,000 after buying an additional 6,100 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Western Asset Premier Bond Fund by 75.2% during the 4th quarter. Raymond James & Associates now owns 20,448 shares of the investment management company’s stock valued at $221,000 after buying an additional 8,776 shares in 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.