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 stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.93 and traded as high as $11.00. Western Asset Premier Bond Fund shares last traded at $10.93, with a volume of 24,719 shares.

Western Asset Premier Bond Fund Stock Down 0.6 %

The firm’s 50 day moving average is $10.93 and its two-hundred day moving average is $11.02.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be given a $0.07 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.69%.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of hedge funds have recently made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new stake in Western Asset Premier Bond Fund in the fourth quarter valued at approximately $115,000. PFG Investments LLC lifted its position in shares of Western Asset Premier Bond Fund by 18.6% in the 4th quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock worth $140,000 after purchasing an additional 2,029 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of Western Asset Premier Bond Fund in the 3rd quarter valued at $294,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Western Asset Premier Bond Fund during the third quarter worth $354,000. Finally, Invictus Private Wealth LLC raised its stake in Western Asset Premier Bond Fund by 11.4% during the third quarter. Invictus Private Wealth LLC now owns 48,818 shares of the investment management company’s stock worth $551,000 after buying an additional 5,009 shares during the last quarter.

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.