Western Asset Diversified Income Fund (NYSE:WDI) Trading Down 1% – Should You Sell?

Western Asset Diversified Income Fund (NYSE:WDI)’s share price traded down 1% on Friday . The company traded as low as $14.13 and last traded at $14.1590. 192,822 shares changed hands during trading, a decline of 23% from the average session volume of 251,398 shares. The stock had previously closed at $14.30.

Western Asset Diversified Income Fund Price Performance

The business’s 50 day moving average is $13.91 and its 200-day moving average is $14.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC raised its holdings in Western Asset Diversified Income Fund by 7.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,593 shares of the company’s stock valued at $248,000 after buying an additional 1,170 shares during the last quarter. Jane Street Group LLC increased its position in Western Asset Diversified Income Fund by 8.8% in the 1st quarter. Jane Street Group LLC now owns 17,284 shares of the company’s stock valued at $250,000 after acquiring an additional 1,393 shares during the period. Envestnet Asset Management Inc. increased its position in Western Asset Diversified Income Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,024 shares of the company’s stock valued at $368,000 after acquiring an additional 1,558 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Western Asset Diversified Income Fund by 51.2% during the third quarter. AdvisorNet Financial Inc now owns 5,129 shares of the company’s stock valued at $75,000 after acquiring an additional 1,737 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Western Asset Diversified Income Fund by 12.5% during the fourth quarter. Osaic Holdings Inc. now owns 18,016 shares of the company’s stock worth $249,000 after purchasing an additional 2,000 shares during the period.

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.