Western Asset Premier Bond Fund (NYSE:WEA) Stock Price Up 0.1% – What’s Next?

Shares of Western Asset Premier Bond Fund (NYSE:WEA) traded up 0.1% on Friday. The company traded as high as $9.67 and last traded at $9.6450. 26,639 shares traded hands during trading, a decline of 27% from the average session volume of 36,344 shares. The stock had previously closed at $9.64.

Western Asset Premier Bond Fund Price Performance

The firm has a 50-day moving average price of $9.85 and a 200-day moving average price of $10.46.

Western Asset Premier Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

A number of institutional investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in shares of Western Asset Premier Bond Fund in the 3rd quarter worth about $250,000. Calamos Advisors LLC bought a new position in shares of Western Asset Premier Bond Fund in the 1st quarter worth about $146,000. Fifth Third Bancorp purchased a new position in Western Asset Premier Bond Fund during the 1st quarter valued at about $53,000. Bank of America Corp DE lifted its position in Western Asset Premier Bond Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 119,289 shares of the investment management company’s stock valued at $1,262,000 after acquiring an additional 4,745 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in Western Asset Premier Bond Fund during the 2nd quarter valued at about $39,000.

Western Asset Premier Bond Fund Company Profile

Western Asset Premier Bond Fund (NYSE: WEA) is a closed-end investment fund that seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by Western Asset Management Company, a global fixed-income investment manager and part of Franklin Templeton. The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include government and corporate bonds, mortgage-backed and asset-backed securities, convertible securities, and other debt instruments issued in the United States and international markets.