Western Asset Total Return ETF (NASDAQ:WBND) Stock Price Down 0.3% – Should You Sell?

Western Asset Total Return ETF (NASDAQ:WBND)’s share price dropped 0.3% during trading on Tuesday . The company traded as low as $19.98 and last traded at $19.99. Approximately 123,203 shares changed hands during mid-day trading, an increase of 965% from the average daily volume of 11,571 shares. The stock had previously closed at $20.06.

Western Asset Total Return ETF Stock Up 0.1 %

The business has a fifty day moving average price of $19.76 and a 200 day moving average price of $20.06.

Western Asset Total Return ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On Western Asset Total Return ETF

Several large investors have recently made changes to their positions in WBND. Citadel Advisors LLC boosted its position in Western Asset Total Return ETF by 124.9% during the 4th quarter. Citadel Advisors LLC now owns 192,745 shares of the company’s stock worth $3,759,000 after purchasing an additional 107,048 shares during the period. Jane Street Group LLC lifted its stake in shares of Western Asset Total Return ETF by 26.1% during the fourth quarter. Jane Street Group LLC now owns 29,225 shares of the company’s stock worth $570,000 after purchasing an additional 6,053 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Western Asset Total Return ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 79,344 shares of the company’s stock worth $1,547,000 after purchasing an additional 2,148 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Western Asset Total Return ETF in the third quarter worth about $1,094,000.

Western Asset Total Return ETF Company Profile

The Western Asset Total Return ETF (WBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of fixed income securities from any geography with any credit rating. WBND was launched on Oct 3, 2018 and is managed by Franklin Templeton.