Western Asset Bond ETF (NASDAQ:WABF) Trading Down 0.2% – Time to Sell?

Western Asset Bond ETF (NASDAQ:WABF) traded down 0.2% on Friday . The company traded as low as $24.89 and last traded at $24.81. 120 shares traded hands during trading, a decline of 93% from the average session volume of 1,710 shares. The stock had previously closed at $24.87.

Western Asset Bond ETF Stock Performance

The company has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $25.35.

Western Asset Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a $0.13 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WABF. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 524 shares during the last quarter. Encompass More Asset Management lifted its holdings in shares of Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Landmark Wealth Management LLC boosted its stake in shares of Western Asset Bond ETF by 6.3% in the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock valued at $3,703,000 after purchasing an additional 8,612 shares in the last quarter.

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.