Western Asset Premier Bond Fund (NYSE:WEA) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.01 and traded as low as $10.85. Western Asset Premier Bond Fund shares last traded at $10.98, with a volume of 15,152 shares traded.

Western Asset Premier Bond Fund Price Performance

The business’s 50-day moving average is $10.95 and its two-hundred day moving average is $11.01.

Western Asset Premier Bond Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Western Asset Premier Bond Fund’s previous dividend of $0.07.

Institutional Trading of Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of WEA. Insight Wealth Partners LLC raised its position in shares of Western Asset Premier Bond Fund by 1.8% in the 3rd quarter. Insight Wealth Partners LLC now owns 84,295 shares of the investment management company’s stock valued at $951,000 after buying an additional 1,451 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Western Asset Premier Bond Fund during the third quarter worth $294,000. Integrated Wealth Concepts LLC increased its holdings in Western Asset Premier Bond Fund by 2.1% in the third quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,200 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Western Asset Premier Bond Fund by 232.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock valued at $1,121,000 after purchasing an additional 72,768 shares during the period. Finally, PFG Investments LLC increased its holdings in Western Asset Premier Bond Fund by 18.6% in the fourth quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,029 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.