Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Western Asset Premier Bond Fund (NYSE:WEA) shares 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 trading hands.

Western Asset Premier Bond Fund Price Performance

The company’s 50-day moving average price is $10.09 and its 200 day moving average price is $10.41.

Western Asset Premier Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.84 annualized dividend and a yield of 8.7%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several hedge funds have recently bought and sold shares of the business. Whipplewood Advisors LLC lifted its holdings 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 valued at $3,914,000 after purchasing an additional 3,121 shares during the last quarter. Bank of America Corp DE raised its stake in 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 buying an additional 4,745 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of 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 during the last quarter. Royal Bank of Canada raised its position in shares of Western Asset Premier Bond Fund by 28.1% in the 1st quarter. Royal Bank of Canada now owns 14,712 shares of the investment management company’s stock worth $156,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in Western Asset Premier Bond Fund during the 1st quarter valued at about $146,000.

Western Asset Premier Bond Fund Company Profile

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.