Western Asset Diversified Income Fund (NYSE:WDI) Trading Down 0.6% – Time to Sell?

Western Asset Diversified Income Fund (NYSE:WDI) shares traded down 0.6% during trading on Friday . The company traded as low as $12.60 and last traded at $12.65. 248,147 shares traded hands during trading, an increase of 19% from the average daily volume of 208,453 shares. The stock had previously closed at $12.72.

Western Asset Diversified Income Fund Stock Performance

The firm has a 50 day simple moving average of $13.24 and a two-hundred day simple moving average of $13.48.

Western Asset Diversified Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.1485 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a yield of 14.1%.

Insider Transactions at Western Asset Diversified Income Fund

In other news, Director Nisha Kumar sold 13,886 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $13.14, for a total transaction of $182,462.04. Following the completion of the transaction, the director owned 6,750 shares of the company’s stock, valued at approximately $88,695. The trade was a 67.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Western Asset Diversified Income Fund

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new stake in shares of Western Asset Diversified Income Fund during the third quarter valued at approximately $97,000. Geneos Wealth Management Inc. increased its stake in shares of Western Asset Diversified Income Fund by 555.5% in the second quarter. Geneos Wealth Management Inc. now owns 6,739 shares of the company’s stock worth $100,000 after buying an additional 5,711 shares during the period. Fifth Third Bancorp bought a new stake in Western Asset Diversified Income Fund during the 1st quarter valued at $111,000. Focus Financial Network Inc. bought a new stake in Western Asset Diversified Income Fund during the 2nd quarter valued at $144,000. Finally, Sovran Advisors LLC purchased a new stake in Western Asset Diversified Income Fund during the 1st quarter valued at $150,000.

Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company sponsored and managed by Western Asset Management Company, LLC. Launched in mid-2009, the Fund seeks to provide current income with a secondary objective of capital preservation through diversified exposure to a broad range of fixed-income and income-oriented securities.

The Fund’s investment strategy emphasizes below-investment-grade debt instruments, including high-yield corporate bonds, bank loans, mortgage- and asset-backed securities, and emerging market sovereign and corporate issues.