Western Asset Premier Bond Fund (NYSE:WEA) Stock Passes Above 50-Day Moving Average – Time to Sell?

Western Asset Premier Bond Fund (NYSE:WEA)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.93 and traded as high as $11.15. Western Asset Premier Bond Fund shares last traded at $11.05, with a volume of 20,547 shares.

Western Asset Premier Bond Fund Price Performance

The stock has a 50 day moving average of $10.93 and a 200 day moving average of $11.01.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.84 annualized dividend and a yield of 7.60%.

Institutional Trading of Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of WEA. Strategic Financial Concepts LLC bought a new stake in shares of Western Asset Premier Bond Fund in the fourth quarter worth about $115,000. Consolidated Portfolio Review Corp increased its stake in shares of Western Asset Premier Bond Fund by 1.1% during the fourth quarter. Consolidated Portfolio Review Corp now owns 214,828 shares of the investment management company’s stock valued at $2,314,000 after buying an additional 2,298 shares during the period. PFG Investments LLC raised its holdings in shares of Western Asset Premier Bond Fund by 18.6% during the fourth quarter. PFG Investments LLC now owns 12,954 shares of the investment management company’s stock valued at $140,000 after acquiring an additional 2,029 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Western Asset Premier Bond Fund by 232.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 104,113 shares of the investment management company’s stock worth $1,121,000 after acquiring an additional 72,768 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Western Asset Premier Bond Fund by 2.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 57,726 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 1,200 shares during the period.

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.