Western Asset Premier Bond Fund (NYSE:WEA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Western Asset Premier Bond Fund (NYSE:WEA)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.11 and traded as high as $11.25. Western Asset Premier Bond Fund shares last traded at $11.14, with a volume of 38,090 shares changing hands.

Western Asset Premier Bond Fund Trading Down 0.2%

The firm’s fifty day moving average price is $11.11 and its 200-day moving average price is $11.09.

Western Asset Premier Bond Fund Announces Dividend

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

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Large investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in shares of Western Asset Premier Bond Fund by 219.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 271,845 shares of the investment management company’s stock worth $2,950,000 after purchasing an additional 186,821 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Western Asset Premier Bond Fund by 24.8% in the third quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock valued at $2,671,000 after purchasing an additional 47,213 shares in the last quarter. LPL Financial LLC lifted its position in Western Asset Premier Bond Fund by 15.0% in the fourth quarter. LPL Financial LLC now owns 324,644 shares of the investment management company’s stock worth $3,581,000 after purchasing an additional 42,252 shares during the period. Fiera Capital Corp boosted its stake in Western Asset Premier Bond Fund by 20.4% during the fourth quarter. Fiera Capital Corp now owns 192,435 shares of the investment management company’s stock worth $2,123,000 after buying an additional 32,569 shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in Western Asset Premier Bond Fund during the third quarter worth $266,000.

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.