Western Asset Bond ETF (NASDAQ:WABF) Trading Up 0.1% – Here’s What Happened

Shares of Western Asset Bond ETF (NASDAQ:WABF) rose 0.1% on Thursday . The stock traded as high as $24.58 and last traded at $24.54. Approximately 1,097 shares traded hands during trading, a decline of 33% from the average daily volume of 1,649 shares. The stock had previously closed at $24.51.

Western Asset Bond ETF Stock Performance

The business has a 50-day moving average price of $24.73 and a 200-day moving average price of $25.07.

Western Asset Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.1201 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of Western Asset Bond ETF

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position 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 purchasing an additional 524 shares during the last quarter. Encompass More Asset Management lifted its stake in 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 valued at $1,292,000 after buying an additional 1,207 shares in the last quarter. Finally, Landmark Wealth Management LLC boosted its holdings in 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 worth $3,703,000 after buying an additional 8,612 shares during 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.