Western Asset Bond ETF (NASDAQ:WABF) Shares Down 0.2% – What’s Next?

Western Asset Bond ETF (NASDAQ:WABF)’s share price was down 0.2% during mid-day trading on Wednesday . The stock traded as low as $24.56 and last traded at $24.57. 1,253 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 1,494 shares. The stock had previously closed at $24.61.

Western Asset Bond ETF Stock Performance

The firm’s 50-day moving average price is $24.84 and its 200 day moving average price is $25.17.

Western Asset Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.1124 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of Western Asset Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of Western Asset Bond ETF by 50.6% in the 2nd 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. Encompass More Asset Management grew its stake in shares of Western Asset Bond ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,207 shares during the period. Finally, Landmark Wealth Management LLC grew its stake in shares of Western Asset Bond ETF by 6.3% during the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after purchasing an additional 8,612 shares during the period.

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.