Western Asset Diversified Income Fund (NYSE:WDI) Shares Down 1.2% – Here’s What Happened

Western Asset Diversified Income Fund (NYSE:WDI) shares were down 1.2% on Tuesday . The stock traded as low as $13.29 and last traded at $13.32. 177,244 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 208,995 shares. The stock had previously closed at $13.48.

Western Asset Diversified Income Fund Stock Performance

The company’s 50-day simple moving average is $13.59 and its 200 day simple moving average is $13.72.

Western Asset Diversified Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.1485 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%.

Institutional Investors Weigh In On Western Asset Diversified Income Fund

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Western Asset Diversified Income Fund in the 3rd quarter valued at approximately $97,000. Geneos Wealth Management Inc. raised its holdings in Western Asset Diversified Income Fund by 555.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock valued at $100,000 after buying an additional 5,711 shares during the period. Fifth Third Bancorp purchased a new stake in Western Asset Diversified Income Fund during the 1st quarter valued at $111,000. Sovran Advisors LLC bought a new stake in Western Asset Diversified Income Fund in the first quarter worth $150,000. Finally, Susquehanna International Group LLP bought a new stake in Western Asset Diversified Income Fund in the third quarter worth $151,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.