Western Asset Total Return ETF (NASDAQ:WBND) Stock Price Up 0.3%

Western Asset Total Return ETF (NASDAQ:WBND)’s stock price was up 0.3% during mid-day trading on Monday . The stock traded as high as $19.61 and last traded at $19.57. Approximately 12,201 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 16,679 shares. The stock had previously closed at $19.51.

Western Asset Total Return ETF Price Performance

The business has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $19.95.

Western Asset Total Return ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.0642 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Western Asset Total Return ETF by 28.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 87,994 shares of the company’s stock valued at $1,706,000 after acquiring an additional 19,736 shares during the period. Financial Advocates Investment Management purchased a new stake in Western Asset Total Return ETF during the third quarter worth $452,000. Atria Investments Inc acquired a new stake in Western Asset Total Return ETF in the third quarter valued at $3,602,000. LPL Financial LLC increased its position in shares of Western Asset Total Return ETF by 4.9% in the third quarter. LPL Financial LLC now owns 491,434 shares of the company’s stock valued at $9,529,000 after buying an additional 23,027 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Western Asset Total Return ETF by 2,453.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 17,339 shares of the company’s stock valued at $336,000 after buying an additional 16,660 shares in the last quarter.

About Western Asset Total Return ETF

The Western Asset Total Return ETF (WBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of fixed income securities from any geography with any credit rating. WBND was launched on Oct 3, 2018 and is managed by Franklin Templeton.