Today’s Market Runner: Western Asset Premier Bond Fund (NYSE:WEA) Q2 2016 Sentiment Report

November 16, 2016 - By Nellie Frank   ·   0 Comments

Today's Market Runner: Western Asset Premier Bond Fund (NYSE:WEA)  Q2 2016 Sentiment Report

Sentiment for Western Asset Premier Bond Fund (NYSE:WEA)

Western Asset Premier Bond Fund (NYSE:WEA) institutional sentiment decreased to 0.8 in 2016 Q2. Its down -0.56, from 1.36 in 2016Q1. The ratio worsened, as 12 institutional investors opened new or increased holdings, while 15 decreased and sold their equity positions in Western Asset Premier Bond Fund. The institutional investors in our partner’s database now possess: 1.45 million shares, down from 1.99 million shares in 2016Q1. Also, the number of institutional investors holding Western Asset Premier Bond Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 9 Increased: 10 New Position: 2.

Western Asset Premier Bond Fund is a diversified, closed-end management investment company. The company has a market cap of $147.91 million. The Fund’s investment objective is to provide current income and capital appreciation by investing in a portfolio of investment grade bonds. It currently has negative earnings. It may invest over 80% of its total managed assets in bonds, including corporate bonds, the Unites States Government and agency securities, and mortgage-related securities, and over 65% in bonds that are of investment grade quality.

Western Asset Premier Bond Fund (NYSE:WEA) has declined 0.24% since April 14, 2016 and is downtrending. It has underperformed by 4.92% the S&P500.

Provise Management Group Llc holds 0.5% of its portfolio in Western Asset Premier Bond Fund for 202,400 shares. Sit Investment Associates Inc owns 479,608 shares or 0.17% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.16% invested in the company for 20,180 shares. The Florida-based Aviance Capital Partners Llc has invested 0.12% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 98,576 shares.#img1#

WEA Company Profile

Western Asset Premier Bond Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment-grade bonds. The Fund invests substantially all of its assets in bonds, including corporate bonds, the United States Government and Agency securities, and mortgage-related securities.

More notable recent Western Asset Premier Bond Fund (NYSE:WEA) news were published by: Businesswire.com which released: “Western Asset Premier Bond Fund Portfolio Composition as of September 30, 2016” on October 30, 2015, also Streetinsider.com with their article: “Form 3 WESTERN ASSET GLOBAL For: Mar 31 Filed by: LEECH S. KENNETH” published on September 16, 2016, Barrons.com published: “Dressing Up 2014” on February 07, 2015. More interesting news about Western Asset Premier Bond Fund (NYSE:WEA) were released by: Businesswire.com and their article: “Ironsides Partners LLC Issues Open Letter to Shareholders of PIMCO Dynamic …” published on April 02, 2015 as well as Prnewswire.com‘s news article titled: “Western Asset Middle Market Income Fund Inc. Raises $327 Million for its …” with publication date: August 27, 2014.

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By Nellie Frank


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