Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Western Asset Inflation-Linked Income Fund (NYSE:WIA) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.24 and traded as high as $8.44. Western Asset Inflation-Linked Income Fund shares last traded at $8.39, with a volume of 20,475 shares traded.

Western Asset Inflation-Linked Income Fund Stock Performance

The company has a 50-day moving average of $8.24 and a 200-day moving average of $8.19.

Western Asset Inflation-Linked Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.052 per share. The ex-dividend date was Monday, June 23rd. This represents a dividend yield of 7.57%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of WIA. Steward Partners Investment Advisory LLC grew its position in Western Asset Inflation-Linked Income Fund by 31.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,200 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,243 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Inflation-Linked Income Fund during the fourth quarter worth $244,000. Aviance Capital Partners LLC grew its holdings in shares of Western Asset Inflation-Linked Income Fund by 44.9% during the fourth quarter. Aviance Capital Partners LLC now owns 46,396 shares of the financial services provider’s stock valued at $371,000 after buying an additional 14,374 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Western Asset Inflation-Linked Income Fund by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 84,813 shares of the financial services provider’s stock valued at $679,000 after buying an additional 11,419 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Western Asset Inflation-Linked Income Fund by 102.4% in the 4th quarter. Guggenheim Capital LLC now owns 281,181 shares of the financial services provider’s stock valued at $2,249,000 after acquiring an additional 142,231 shares during the period.

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.