Western Asset Diversified Income Fund (NYSE:WDI) Shares Down 0.6% – What’s Next?

Western Asset Diversified Income Fund (NYSE:WDI)’s share price was down 0.6% on Friday . The company traded as low as $12.60 and last traded at $12.65. 248,147 shares changed hands during trading, an increase of 19% from the average session volume of 208,453 shares. The stock had previously closed at $12.72.

Western Asset Diversified Income Fund Trading Down 0.6%

The business has a fifty day moving average of $13.24 and a 200-day moving average of $13.48.

Western Asset Diversified Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.1485 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Friday, November 20th.

Insider Activity

In related news, Director Nisha Kumar sold 13,886 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $13.14, for a total transaction of $182,462.04. Following the completion of the transaction, the director owned 6,750 shares in the company, valued at $88,695. This represents a 67.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Western Asset Diversified Income Fund

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Western Asset Diversified Income Fund in the 3rd quarter worth $97,000. Geneos Wealth Management Inc. lifted its position in shares of Western Asset Diversified Income Fund by 555.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after purchasing an additional 5,711 shares during the period. Fifth Third Bancorp bought a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at about $111,000. Focus Financial Network Inc. bought a new stake in shares of Western Asset Diversified Income Fund during the 2nd quarter valued at about $144,000. Finally, Sovran Advisors LLC bought a new stake in shares of Western Asset Diversified Income Fund during the 1st quarter valued at about $150,000.

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.