First Trust Amends 13G/A for Western Asset Premier Bond Fund
Ticker: WEA · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1163792
| Field | Detail |
|---|---|
| Company | Western Asset Premier Bond Fund (WEA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, bond-fund
TL;DR
**First Trust just updated their stake in Western Asset Premier Bond Fund.**
AI Summary
First Trust Portfolios L.P. filed an amended Schedule 13G/A on January 10, 2024, indicating their ownership in Western Asset Premier Bond Fund (CUSIP 957664105) as of December 31, 2023. This filing, Amendment No. 14, updates previous disclosures and includes First Trust Advisors L.P. and The Charger Corporation as reporting persons. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.
Why It Matters
This filing updates the public record on a major institutional investor's stake, offering insight into their current position and potential future actions.
Risk Assessment
Risk Level: low — This is a routine amendment filing, not indicating any immediate significant risk or change in company operations.
Analyst Insight
Investors should note this routine update from a significant institutional holder, but it doesn't signal an immediate need for action unless future filings show a substantial change in ownership percentage.
Key Numbers
- 957664105 — CUSIP Number (identifies Western Asset Premier Bond Fund's common stock)
- 14 — Amendment Number (indicates this is the 14th amendment to the original Schedule 13G)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person
- Western Asset Premier Bond Fund (company) — subject company (issuer)
- First Trust Advisors L.P. (company) — reporting person
- The Charger Corporation (company) — reporting person
- December 31, 2023 (date) — date of event requiring filing
- January 10, 2024 (date) — filing date
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A filing is an Amendment No. 14 to a Schedule 13G, filed by First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation, to update their beneficial ownership information in Western Asset Premier Bond Fund as of December 31, 2023.
Which entities are identified as reporting persons in this filing?
The reporting persons identified in this filing are First Trust Portfolios L.P. (I.R.S. Identification No. 36-3768815), First Trust Advisors L.P. (I.R.S. Identification No. 36-3788904), and The Charger Corporation (I.R.S. Identification No. 36-3772451).
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common class of securities of Western Asset Premier Bond Fund is 957664105, as stated on the cover page of the filing.
When was the event that triggered the requirement for this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the Schedule 13G/A.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 regarding WESTERN ASSET PREMIER BOND FUND (WEA).