Western Asset Bond ETF (NASDAQ:WABF) Trading 0.1% Higher – Time to Buy?

Western Asset Bond ETF (NASDAQ:WABF)’s stock price rose 0.1% during trading on Thursday . The stock traded as high as $25.43 and last traded at $25.44. Approximately 5,022 shares were traded during trading, an increase of 66% from the average daily volume of 3,023 shares. The stock had previously closed at $25.41.

Western Asset Bond ETF Stock Up 0.1%

The firm has a 50 day moving average of $25.43 and a two-hundred day moving average of $25.38.

Western Asset Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a $0.0826 dividend. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Investors Weigh In On Western Asset Bond ETF

Large investors have recently added to or reduced their stakes in the business. Landmark Wealth Management LLC increased its holdings in Western Asset Bond ETF by 7.2% during the 3rd quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock valued at $3,506,000 after acquiring an additional 9,260 shares in the last quarter. Encompass More Asset Management grew its position in shares of Western Asset Bond ETF by 32.1% in the third quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock valued at $1,269,000 after purchasing an additional 12,077 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Western Asset Bond ETF by 50.6% in the second quarter. JPMorgan Chase & Co. now owns 1,560 shares of the company’s stock valued at $39,000 after purchasing an additional 524 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.