Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Western Asset Inflation-Linked Income Fund (NYSE:WIA) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.20 and traded as low as $8.09. Western Asset Inflation-Linked Income Fund shares last traded at $8.13, with a volume of 42,594 shares traded.

Western Asset Inflation-Linked Income Fund Price Performance

The stock’s 50 day moving average price is $8.23 and its 200-day moving average price is $8.20.

Western Asset Inflation-Linked Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.052 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 7.47%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Income Fund

A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in Western Asset Inflation-Linked Income Fund by 31.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,200 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,243 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the fourth quarter worth $244,000. Mezzasalma Advisors LLC bought a new position in shares of Western Asset Inflation-Linked Income Fund during the fourth quarter worth $251,000. Aviance Capital Partners LLC grew its stake in Western Asset Inflation-Linked Income Fund by 44.9% during the fourth quarter. Aviance Capital Partners LLC now owns 46,396 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 14,374 shares in the last quarter. Finally, Grace & White Inc. NY increased its holdings in Western Asset Inflation-Linked Income Fund by 21.0% in the 4th quarter. Grace & White Inc. NY now owns 46,694 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 8,105 shares during the last quarter.

About Western Asset Inflation-Linked Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.