The Western Asset Inflation-Linked Income Fund (NYSE:WIA – Get Rating) crossed below its 200-day moving average during Thursday’s session. The stock has a 200-day moving average of $11.25 and is trading as low as $9.86. Shares of the Western Asset Inflation-Linked Income Fund last traded at $9.88, with volume traded at 41,316 shares.
Western Asset Inflation Income Fund Share Performance
The stock has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $11.25.
Western Asset inflation-linked income fund announces dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 30. Shareholders of record on Tuesday, November 22 will receive a dividend of $0.045 per share. The ex-dividend date is Monday, November 21. This represents a dividend of $0.54 on an annualized basis and a dividend yield of 5.47%.
Insider Buying and Selling at Western Asset Inflation-Linked Income Fund
Separately, major shareholder Cascade Investment, LLC acquired 20,899 shares of Western Asset Inflation-Linked Income Fund in a transaction on Friday, May 20. The shares were acquired at an average price of $10.22 per share, for a total transaction of $213,587.78. Following the purchase, the insider now owns 5,080,406 shares of the company, valued at approximately $51,921,749.32. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. In other Western Asset Inflation-Linked Income Fund news, Director Michael Larson bought 5,000 shares of the company in a trade that took place on Friday, July 15. The shares were purchased at an average price of $9.78 per share, for a total transaction of $48,900.00. As a result of the purchase, the director now directly owns 8,268 shares of the company, valued at $80,861.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, major shareholder Cascade Investment, LLC purchased 20,899 shares of the company in a transaction that took place on Friday, May 20. The shares were acquired at an average price of $10.22 per share, with a total value of $213,587.78. Following the purchase, the insider now owns 5,080,406 shares of the company, valued at $51,921,749.32. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 105,968 shares of the company worth $1,100,533.
Hedge funds weigh on Western Asset Inflation-Linked Income Fund
Several institutional investors and hedge funds have recently changed their holdings in WIA. Blue Bell Private Wealth Management LLC acquired a new stake in Western Asset Inflation-Linked Income Fund in Q1 worth approximately $65,000. Guggenheim Capital LLC increased its holdings of Western Asset Inflation-Linked Income Fund by 6.3% in Q1. Guggenheim Capital LLC now owns 19,171 shares of the financial services provider worth $224,000 after buying 1,139 additional shares in the last quarter. PenderFund Capital Management Ltd. acquired a new stake in Western Asset Inflation-Linked Income Fund in Q1 worth approximately $301,000. BCK Partners Inc. acquired a new stake in Western Asset Inflation-Linked Income Fund in Q1 worth approximately $247,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Western Asset Inflation-Linked Income Fund in Q1 worth approximately $251,000.
About Western Asset Inflation Income Fund
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Western Asset/Claymore Inflation-Linked Securities & Income Fund is a closed-end, 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.
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