Western Asset Premier Bond Fund (NYSE:WEA) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Western Asset Premier Bond Fund (NYSE:WEA) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.92 and traded as high as $11.01. Western Asset Premier Bond Fund shares last traded at $10.97, with a volume of 16,870 shares changing hands.

Western Asset Premier Bond Fund Stock Up 0.4 %

The stock has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $11.03.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.84 annualized dividend and a dividend yield of 7.66%.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several large investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in Western Asset Premier Bond Fund during the 4th quarter worth about $115,000. Consolidated Portfolio Review Corp raised its position in Western Asset Premier Bond Fund by 1.1% in the 4th quarter. Consolidated Portfolio Review Corp now owns 214,828 shares of the investment management company’s stock worth $2,314,000 after purchasing an additional 2,298 shares during the last quarter. PFG Investments LLC lifted its holdings in Western Asset Premier Bond Fund by 18.6% during the 4th quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock worth $140,000 after buying an additional 2,029 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Western Asset Premier Bond Fund by 232.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock valued at $1,121,000 after buying an additional 72,768 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Western Asset Premier Bond Fund by 2.1% during the third quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock worth $651,000 after acquiring an additional 1,200 shares during the last quarter.

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.