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

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price crossed 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 Price Performance

The firm’s 50 day moving average price is $11.12 and its 200-day moving average price is $11.10.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WEA. Coston McIsaac & Partners acquired a new stake in Western Asset Premier Bond Fund during the 4th quarter worth approximately $31,000. Harbour Investments Inc. increased its position in shares of Western Asset Premier Bond Fund by 124.3% during the fourth quarter. Harbour Investments Inc. now owns 8,179 shares of the investment management company’s stock worth $90,000 after acquiring an additional 4,532 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Premier Bond Fund during the second quarter worth $99,000. Smith Asset Management Co. LLC raised its holdings in shares of Western Asset Premier Bond Fund by 8.9% during the third quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock worth $152,000 after acquiring an additional 1,108 shares during the period. Finally, PFG Investments LLC lifted its position in Western Asset Premier Bond Fund by 25.1% in the 3rd 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.

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.