Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset Inflation-Linked Income Fund (NYSE:WIA)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.21 and traded as low as $7.95. Western Asset Inflation-Linked Income Fund shares last traded at $8.00, with a volume of 37,281 shares traded.

Western Asset Inflation-Linked Income Fund Stock Down 0.1 %

The business has a fifty day moving average price of $8.19 and a 200 day moving average price of $8.20.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 7.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC acquired a new stake in shares of Western Asset Inflation-Linked Income Fund in the third quarter valued at about $287,000. Nations Financial Group Inc. IA ADV purchased a new position in Western Asset Inflation-Linked Income Fund in the 3rd quarter worth approximately $296,000. Almitas Capital LLC acquired a new stake in Western Asset Inflation-Linked Income Fund in the second quarter valued at approximately $951,000. Wolverine Asset Management LLC raised its stake in shares of Western Asset Inflation-Linked Income Fund by 17.6% during the second quarter. Wolverine Asset Management LLC now owns 146,516 shares of the financial services provider’s stock valued at $1,174,000 after purchasing an additional 21,903 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of Western Asset Inflation-Linked Income Fund by 28.9% during the third quarter. Fiera Capital Corp now owns 242,412 shares of the financial services provider’s stock worth $2,073,000 after purchasing an additional 54,360 shares in the last quarter.

About Western Asset Inflation-Linked Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.