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

Western Asset Premier Bond Fund (NYSE:WEA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.09 and traded as high as $11.10. Western Asset Premier Bond Fund shares last traded at $11.09, with a volume of 18,287 shares trading hands.

Western Asset Premier Bond Fund Trading Up 0.3%

The firm’s 50-day moving average price is $11.09 and its 200 day moving average price is $11.06.

Western Asset Premier Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Premier Bond Fund

Several institutional investors have recently bought and sold shares of WEA. Whipplewood Advisors LLC lifted its stake in Western Asset Premier Bond Fund by 0.6% during the 3rd quarter. Whipplewood Advisors LLC now owns 273,510 shares of the investment management company’s stock valued at $3,072,000 after acquiring an additional 1,665 shares in the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of Western Asset Premier Bond Fund by 8.8% during the third quarter. Consolidated Portfolio Review Corp now owns 238,489 shares of the investment management company’s stock valued at $2,678,000 after purchasing an additional 19,349 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Western Asset Premier Bond Fund by 24.8% during the third quarter. Raymond James Financial Inc. now owns 237,848 shares of the investment management company’s stock worth $2,671,000 after purchasing an additional 47,213 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Western Asset Premier Bond Fund by 10.0% during the second quarter. Guggenheim Capital LLC now owns 233,034 shares of the investment management company’s stock worth $2,528,000 after purchasing an additional 21,132 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Western Asset Premier Bond Fund by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 223,939 shares of the investment management company’s stock worth $2,515,000 after purchasing an additional 8,198 shares in the last quarter.

About Western Asset Premier Bond Fund

Western Asset Premier Bond Fund Inc (NYSE: WEA) is a publicly traded closed-end management investment company that primarily seeks to provide a high level of current income. The fund achieves this objective through a diversified portfolio of fixed-income instruments, including government and corporate debt, mortgage- and asset-backed securities, and other income-producing debt obligations. By investing across various sectors and credit qualities, the fund aims to balance income generation with risk management.

The fund’s investment strategy emphasizes active security selection and broad diversification.