Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Below Two Hundred Day Moving Average of $10.79

Western Asset Premier Bond Fund (NYSE:WEA) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.79 and traded as low as $10.48. Western Asset Premier Bond Fund shares last traded at $10.52, with a volume of 17,847 shares trading hands.

Western Asset Premier Bond Fund Price Performance

The stock’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $10.79.

Western Asset Premier Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Friday, August 23rd.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

A number of large investors have recently bought and sold shares of WEA. Private Advisor Group LLC acquired a new position in shares of Western Asset Premier Bond Fund during the 4th quarter valued at about $183,000. Raymond James & Associates grew its holdings in Western Asset Premier Bond Fund by 75.2% during the fourth quarter. Raymond James & Associates now owns 20,448 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 8,776 shares during the last quarter. Accuvest Global Advisors bought a new position in shares of Western Asset Premier Bond Fund in the fourth quarter valued at approximately $356,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Western Asset Premier Bond Fund by 21.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 34,308 shares of the investment management company’s stock worth $371,000 after buying an additional 6,100 shares during the last quarter. Finally, Invictus Private Wealth LLC bought a new stake in shares of Western Asset Premier Bond Fund during the 4th quarter worth $413,000.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States.