Western Asset Premier Bond Fund (NYSE:WEA) Stock Crosses Above 50 Day Moving Average – Time to 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 $10.98 and traded as high as $11.39. Western Asset Premier Bond Fund shares last traded at $11.34, with a volume of 27,511 shares changing hands.

Western Asset Premier Bond Fund Trading Down 0.1%

The company has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $10.84.

Western Asset Premier Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Thursday, November 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Trading of Western Asset Premier Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of WEA. Harbour Investments Inc. bought a new position in shares of Western Asset Premier Bond Fund during the first quarter valued at approximately $41,000. Wolverine Asset Management LLC purchased a new position in Western Asset Premier Bond Fund in the second quarter worth about $99,000. Smith Asset Management Co. LLC purchased a new position in shares of Western Asset Premier Bond Fund during the 1st quarter valued at about $133,000. Benjamin Edwards Inc. lifted its position in shares of Western Asset Premier Bond Fund by 22.2% during the 1st quarter. Benjamin Edwards Inc. now owns 19,280 shares of the investment management company’s stock valued at $216,000 after buying an additional 3,500 shares in the last quarter. Finally, Invictus Private Wealth LLC raised its stake in Western Asset Premier Bond Fund by 3.8% during the 1st quarter. Invictus Private Wealth LLC now owns 52,300 shares of the investment management company’s stock valued at $586,000 after purchasing an additional 1,936 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.