Western Asset Premier Bond Fund (NYSE:WEA) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Western Asset Premier Bond Fund (NYSE:WEA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.93 and traded as high as $11.15. Western Asset Premier Bond Fund shares last traded at $11.05, with a volume of 20,547 shares traded.

Western Asset Premier Bond Fund Trading Up 0.5 %

The business has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $11.01.

Western Asset Premier Bond Fund Announces Dividend

The company also recently announced 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 is Friday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 7.56%.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Large investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new stake in Western Asset Premier Bond Fund in the 4th quarter valued at approximately $115,000. PFG Investments LLC boosted its position in shares of 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 acquiring an additional 2,029 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Western Asset Premier Bond Fund in the third quarter worth $294,000. Hennion & Walsh Asset Management Inc. bought a new position in 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 3rd quarter. Invictus Private Wealth LLC now owns 48,818 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 5,009 shares during 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.