Western Asset Total Return ETF (NASDAQ:WBND) Stock Price Up 0.5%

Western Asset Total Return ETF (NASDAQ:WBND) rose 0.5% on Tuesday . The company traded as high as $19.80 and last traded at $19.77. Approximately 7,163 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 13,857 shares. The stock had previously closed at $19.67.

Western Asset Total Return ETF Stock Up 0.5 %

The stock has a 50 day simple moving average of $19.87 and a two-hundred day simple moving average of $20.06.

Western Asset Total Return ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.1211 per share. This represents a $1.45 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Monday, July 1st. This is a boost from Western Asset Total Return ETF’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Western Asset Total Return ETF

Several large investors have recently modified their holdings of the stock. Atria Investments Inc grew its holdings in Western Asset Total Return ETF by 0.5% during the first quarter. Atria Investments Inc now owns 232,120 shares of the company’s stock worth $4,682,000 after acquiring an additional 1,133 shares during the period. Landmark Wealth Management LLC grew its holdings in Western Asset Total Return ETF by 5.0% during the first quarter. Landmark Wealth Management LLC now owns 171,036 shares of the company’s stock worth $3,450,000 after acquiring an additional 8,182 shares during the period. Financial Advocates Investment Management grew its holdings in Western Asset Total Return ETF by 53.8% during the fourth quarter. Financial Advocates Investment Management now owns 35,873 shares of the company’s stock worth $742,000 after acquiring an additional 12,555 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Western Asset Total Return ETF by 9.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 18,978 shares of the company’s stock worth $392,000 after acquiring an additional 1,639 shares during the period. Finally, Cary Street Partners Asset Management LLC grew its holdings in Western Asset Total Return ETF by 80.0% during the fourth quarter. Cary Street Partners Asset Management LLC now owns 62,948 shares of the company’s stock worth $1,302,000 after acquiring an additional 27,984 shares during the period.

About Western Asset Total Return ETF

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.