Western Asset Short Duration Income ETF (NASDAQ:WINC) Shares Up 0% – Should You Buy?

Shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) shot up 0% during trading on Monday . The company traded as high as $24.11 and last traded at $24.11. 1,311 shares were traded during mid-day trading, a decline of 70% from the average session volume of 4,323 shares. The stock had previously closed at $24.10.

Western Asset Short Duration Income ETF Stock Up 0.0%

The business’s fifty day moving average price is $24.09 and its 200 day moving average price is $24.06.

Western Asset Short Duration Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.096 dividend. The ex-dividend date of this dividend was Thursday, May 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in Western Asset Short Duration Income ETF by 13.3% in the 4th quarter. Jane Street Group LLC now owns 15,031 shares of the company’s stock valued at $360,000 after buying an additional 1,760 shares during the last quarter. Citadel Advisors LLC raised its holdings in Western Asset Short Duration Income ETF by 128.8% in the 4th quarter. Citadel Advisors LLC now owns 38,910 shares of the company’s stock valued at $932,000 after buying an additional 21,905 shares during the last quarter. Encompass More Asset Management raised its holdings in Western Asset Short Duration Income ETF by 12.6% in the 4th quarter. Encompass More Asset Management now owns 90,654 shares of the company’s stock valued at $2,170,000 after buying an additional 10,118 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Western Asset Short Duration Income ETF by 1.6% during the 4th quarter. LPL Financial LLC now owns 94,181 shares of the company’s stock worth $2,255,000 after purchasing an additional 1,506 shares during the last quarter.

About Western Asset Short Duration Income ETF

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.