Western Asset Bond ETF (NASDAQ:WABF) Trading Down 0% – Here’s What Happened

Western Asset Bond ETF (NASDAQ:WABF)’s share price fell 0% on Tuesday . The stock traded as low as $24.97 and last traded at $24.9290. 140 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,628 shares. The stock had previously closed at $24.93.

Western Asset Bond ETF Stock Down 0.0%

The business has a fifty day moving average of $25.05 and a two-hundred day moving average of $25.28.

Western Asset Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. This is a boost from Western Asset Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WABF. JPMorgan Chase & Co. raised its stake in shares of Western Asset Bond ETF by 50.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock worth $39,000 after buying an additional 524 shares during the period. Encompass More Asset Management raised its stake in shares of Western Asset Bond ETF by 2.4% during the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock worth $1,292,000 after buying an additional 1,207 shares during the period. Finally, Landmark Wealth Management LLC raised its stake in shares of Western Asset Bond ETF by 6.3% during the 4th quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after buying 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.