Western Asset Premier Bond Fund (NYSE:WEA) Shares Cross Above 50 Day Moving Average – Should You Sell?

Western Asset Premier Bond Fund (NYSE:WEA) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.11 and traded as high as $11.25. Western Asset Premier Bond Fund shares last traded at $11.14, with a volume of 38,090 shares.

Western Asset Premier Bond Fund Stock Down 0.2%

The business’s 50 day moving average is $11.11 and its 200-day moving average is $11.09.

Western Asset Premier Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On Western Asset Premier Bond Fund

Several large investors have recently made changes to their positions in WEA. Smith Asset Management Co. LLC grew its holdings in Western Asset Premier Bond Fund by 8.9% in the 3rd quarter. Smith Asset Management Co. LLC now owns 13,537 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,108 shares during the last quarter. Whipplewood Advisors LLC boosted its position in shares of Western Asset Premier Bond Fund by 0.6% in the third 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 during the period. StoneX Group Inc. boosted its position in shares of Western Asset Premier Bond Fund by 2.2% in the second quarter. StoneX Group Inc. now owns 82,862 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 1,748 shares during the period. Coston McIsaac & Partners acquired a new stake in shares of Western Asset Premier Bond Fund in the fourth quarter worth $31,000. Finally, PFG Investments LLC grew its stake in shares of Western Asset Premier Bond Fund by 25.1% in the third quarter. PFG Investments LLC now owns 15,052 shares of the investment management company’s stock worth $169,000 after acquiring an additional 3,023 shares during 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.