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

Western Asset Bond ETF (NASDAQ:WABF) traded up 0.1% during trading on Thursday . The company traded as high as $24.58 and last traded at $24.54. 1,097 shares traded hands during mid-day 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 stock has a 50 day moving average price of $24.72 and a two-hundred day moving average price of $25.07.

Western Asset Bond ETF Dividend Announcement

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

Institutional Investors Weigh In On Western Asset Bond ETF

A number of large investors have recently bought and sold shares of WABF. Landmark Wealth Management LLC grew its stake in shares of Western Asset Bond ETF by 6.3% in the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after acquiring an additional 8,612 shares during the last quarter. Encompass More Asset Management increased its stake in 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 valued at $1,292,000 after acquiring an additional 1,207 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 524 shares in 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.