Western Asset Bond ETF (NASDAQ:WABF) Trading 0.1% Higher – Here’s Why

Western Asset Bond ETF (NASDAQ:WABF) shares were up 0.1% during mid-day trading on Thursday . The company traded as high as $25.43 and last traded at $25.44. Approximately 5,022 shares were traded during trading, an increase of 66% from the average daily volume of 3,023 shares. The stock had previously closed at $25.41.

Western Asset Bond ETF Price Performance

The business has a 50 day simple moving average of $25.43 and a two-hundred day simple moving average of $25.37.

Western Asset Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a $0.0826 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, December 1st.

Hedge Funds Weigh In On Western Asset Bond ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 shares during the period. Landmark Wealth Management LLC increased its holdings 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 worth $3,506,000 after purchasing an additional 9,260 shares during the period. Finally, Encompass More Asset Management raised its position in Western Asset Bond ETF by 32.1% during the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after purchasing an additional 12,077 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. The fund intends to use derivatives to gain exposure, manage risks, and enhance returns. WABF was launched on Sep 19, 2023 and is issued by Franklin Templeton.