Western Asset Premier Bond Fund (NYSE:WEA) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.07 and traded as high as $11.24. Western Asset Premier Bond Fund shares last traded at $11.2110, with a volume of 17,794 shares changing hands.

Western Asset Premier Bond Fund Stock Performance

The company’s fifty day moving average is $11.07 and its 200-day moving average is $11.04.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp boosted its holdings in shares of Western Asset Premier Bond Fund by 8.8% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 238,489 shares of the investment management company’s stock valued at $2,678,000 after buying an additional 19,349 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Western Asset Premier Bond Fund by 6.8% during the 3rd quarter. Fiera Capital Corp now owns 159,866 shares of the investment management company’s stock worth $1,795,000 after acquiring an additional 10,212 shares in the last quarter. Whipplewood Advisors LLC lifted its position in Western Asset Premier Bond Fund by 0.6% during the third quarter. Whipplewood Advisors LLC now owns 273,510 shares of the investment management company’s stock valued at $3,072,000 after acquiring an additional 1,665 shares during the last quarter. PFG Investments LLC boosted its stake in Western Asset Premier Bond Fund by 25.1% in the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 3,023 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Western Asset Premier Bond Fund by 12.4% in the second quarter. Advisory Services Network LLC now owns 73,043 shares of the investment management company’s stock valued at $791,000 after acquiring an additional 8,067 shares in the last quarter.

About Western Asset Premier Bond Fund

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.