Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Crosses Below 200-Day Moving Average of $11.61

Western Asset Premier Bond Fund (NYSE:WEAGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.61 and traded as low as $11.26. Western Asset Premier Bond Fund shares last traded at $11.32, with a volume of 18,552 shares changing hands.

Western Asset Premier Bond Fund Trading Up 0.4 %

The firm has a 50-day moving average of $10.84 and a 200 day moving average of $11.61.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 23rd will be given a dividend of $0.066 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.79 annualized dividend and a dividend yield of 7.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Western Asset Premier Bond Fund by 14.5% in the second quarter. Janney Montgomery Scott LLC now owns 83,728 shares of the investment management company’s stock worth $902,000 after purchasing an additional 10,618 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Western Asset Premier Bond Fund by 81.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 435,993 shares of the investment management company’s stock worth $4,612,000 after buying an additional 195,067 shares during the period. Insight Wealth Partners LLC raised its stake in shares of Western Asset Premier Bond Fund by 2.2% in the second quarter. Insight Wealth Partners LLC now owns 84,244 shares of the investment management company’s stock worth $891,000 after buying an additional 1,787 shares during the period. M Holdings Securities Inc. bought a new position in shares of Western Asset Premier Bond Fund in the first quarter worth about $129,000. Finally, Royal Bank of Canada raised its stake in shares of Western Asset Premier Bond Fund by 39.1% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the investment management company’s stock worth $431,000 after buying an additional 10,086 shares during the period.

About Western Asset Premier Bond Fund

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Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.

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