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

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

Western Asset Bond ETF Stock Performance

The firm has a 50 day moving average price of $25.43 and a 200 day moving average price of $25.37.

Western Asset Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On Western Asset Bond ETF

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after buying an additional 524 shares in the last quarter. Encompass More Asset Management boosted 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 acquiring an additional 12,077 shares in the last quarter. Finally, Landmark Wealth Management LLC increased its holdings in shares of Western Asset Bond ETF by 7.2% in the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock valued at $3,506,000 after acquiring an additional 9,260 shares during the period.

Western Asset Bond ETF Company Profile

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.