Western Asset Inflation-Linked Income Fund (NYSE:WIA) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset Inflation-Linked Income Fund (NYSE:WIA) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.21 and traded as low as $8.06. Western Asset Inflation-Linked Income Fund shares last traded at $8.08, with a volume of 36,959 shares changing hands.

Western Asset Inflation-Linked Income Fund Price Performance

The stock’s fifty day moving average price is $8.12 and its two-hundred day moving average price is $8.21.

Western Asset Inflation-Linked Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WIA. Almitas Capital LLC purchased a new position in shares of Western Asset Inflation-Linked Income Fund in the 2nd quarter valued at $951,000. Fiera Capital Corp lifted its stake in shares of Western Asset Inflation-Linked Income Fund by 28.9% in the 3rd quarter. Fiera Capital Corp now owns 242,412 shares of the financial services provider’s stock worth $2,073,000 after acquiring an additional 54,360 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Western Asset Inflation-Linked Income Fund in the third quarter valued at about $296,000. Capstone Investment Advisors LLC acquired a new stake in shares of Western Asset Inflation-Linked Income Fund in the third quarter valued at about $287,000. Finally, RHS Financial LLC lifted its stake in shares of Western Asset Inflation-Linked Income Fund by 5.7% in the fourth quarter. RHS Financial LLC now owns 176,161 shares of the financial services provider’s stock valued at $1,409,000 after purchasing an additional 9,489 shares during the period.

Western Asset Inflation-Linked Income Fund Company Profile

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.