Western Asset Bond ETF (NASDAQ:WABF) Declares Monthly Dividend of $0.15

Western Asset Bond ETF (NASDAQ:WABF) declared a monthly dividend on Thursday, December 18th. Stockholders of record on Friday, December 19th will be paid a dividend of 0.1539 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, December 19th. This is a 86.2% increase from Western Asset Bond ETF’s previous monthly dividend of $0.08.

Western Asset Bond ETF Stock Performance

Shares of NASDAQ WABF traded down $0.17 during trading hours on Friday, hitting $25.32. 1,245 shares of the company traded hands, compared to its average volume of 3,440. The company’s 50 day moving average price is $25.53 and its 200 day moving average price is $25.30. Western Asset Bond ETF has a 12 month low of $24.31 and a 12 month high of $25.79.

Institutional Investors Weigh In On Western Asset Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in WABF. Landmark Wealth Management LLC lifted 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 worth $3,506,000 after acquiring an additional 9,260 shares during the last quarter. Encompass More Asset Management raised its position in Western Asset Bond ETF by 32.1% in the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock worth $1,269,000 after purchasing an additional 12,077 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 worth $39,000 after purchasing an additional 524 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.