Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Western Asset Premier Bond Fund (NYSE:WEA)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.10 and traded as low as $11.03. Western Asset Premier Bond Fund shares last traded at $11.0550, with a volume of 14,645 shares traded.

Western Asset Premier Bond Fund Stock Down 0.7%

The stock’s 50 day moving average is $11.12 and its 200 day moving average is $11.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WEA. Whipplewood Advisors LLC lifted its stake in Western Asset Premier Bond Fund by 219.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock valued at $2,950,000 after buying an additional 186,821 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Premier Bond Fund in the second quarter worth $99,000. Invesco Ltd. lifted its position in shares of Western Asset Premier Bond Fund by 6.0% in the second quarter. Invesco Ltd. now owns 95,727 shares of the investment management company’s stock valued at $1,039,000 after acquiring an additional 5,416 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Western Asset Premier Bond Fund by 10.0% during the second quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock valued at $2,528,000 after acquiring an additional 21,132 shares during the last quarter. Finally, StoneX Group Inc. increased its position in Western Asset Premier Bond Fund by 2.2% during the 2nd quarter. StoneX Group Inc. now owns 82,862 shares of the investment management company’s stock worth $903,000 after purchasing an additional 1,748 shares in the last quarter.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.