Western Asset Bond ETF (NASDAQ:WABF) Trading Down 0.2% – Here’s What Happened

Western Asset Bond ETF (NASDAQ:WABF)’s stock price dropped 0.2% during trading on Wednesday . The stock traded as low as $24.56 and last traded at $24.57. Approximately 1,253 shares changed hands during trading, a decline of 16% from the average daily volume of 1,494 shares. The stock had previously closed at $24.61.

Western Asset Bond ETF Stock Performance

The stock’s 50 day moving average is $24.84 and its two-hundred day moving average is $25.16.

Western Asset Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.1124 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Landmark Wealth Management LLC grew its stake in 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 valued at $3,703,000 after acquiring an additional 8,612 shares during the period. Encompass More Asset Management raised its stake in shares of Western Asset Bond ETF by 2.4% in the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after purchasing an additional 1,207 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings 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 in the last quarter.

Western Asset Bond ETF Company Profile

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.