Western Asset Premier Bond Fund (NYSE:WEA – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.41 and traded as low as $9.65. Western Asset Premier Bond Fund shares last traded at $9.67, with a volume of 98,099 shares changing hands.
Western Asset Premier Bond Fund Stock Down 0.6%
The company’s 50 day moving average is $10.07 and its 200 day moving average is $10.41.
Western Asset Premier Bond Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, November 20th.
Institutional Investors Weigh In On Western Asset Premier Bond Fund
Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in Western Asset Premier Bond Fund by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 24,075 shares of the investment management company’s stock worth $255,000 after acquiring an additional 1,800 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Western Asset Premier Bond Fund by 0.9% during the first quarter. Whipplewood Advisors LLC now owns 369,988 shares of the investment management company’s stock worth $3,914,000 after acquiring an additional 3,121 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Western Asset Premier Bond Fund by 28.1% during the first quarter. Royal Bank of Canada now owns 14,712 shares of the investment management company’s stock worth $156,000 after acquiring an additional 3,230 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Western Asset Premier Bond Fund during the second quarter valued at about $39,000. Finally, Bank of America Corp DE increased its holdings in shares of Western Asset Premier Bond Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 119,289 shares of the investment management company’s stock valued at $1,262,000 after acquiring an additional 4,745 shares in the last quarter.
About Western Asset Premier Bond Fund
Western Asset Premier Bond Fund (NYSE:WEA) is a closed-end investment fund that seeks to provide investors with a high level of current income, while also pursuing long-term capital appreciation. The fund invests primarily in a diversified portfolio of fixed-income securities and is designed to provide access to professionally managed bond markets through a publicly traded vehicle.
Its portfolio may include corporate bonds, government and agency securities, mortgage-backed and other asset-backed securities, and debt issued by companies and governments in the United States and international markets.
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