Western Asset Bond ETF (NASDAQ:WABF) Shares Up 0.3% – Here’s What Happened

Western Asset Bond ETF (NASDAQ:WABF) shares were up 0.3% on Tuesday . The company traded as high as $25.61 and last traded at $25.61. Approximately 264 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 3,495 shares. The stock had previously closed at $25.54.

Western Asset Bond ETF Price Performance

The stock has a 50 day moving average of $25.54 and a two-hundred day moving average of $25.22.

Western Asset Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.1104 per share. This is an increase from Western Asset Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, November 3rd.

Hedge Funds Weigh In On Western Asset Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Landmark Wealth Management LLC raised its stake in Western Asset Bond ETF by 7.2% during the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock valued at $3,506,000 after purchasing an additional 9,260 shares during the period. Encompass More Asset Management grew its holdings in shares of Western Asset Bond ETF by 32.1% during the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after buying an additional 12,077 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Western Asset Bond ETF by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after buying an additional 524 shares in the last quarter.

About Western Asset Bond ETF

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities.