Western Asset Bond ETF (NASDAQ:WABF) Stock Price Up 0.1% – Should You Buy?

Western Asset Bond ETF (NASDAQ:WABF – Get Free Report) was up 0.1% on Thursday . The stock traded as high as $24.58 and last traded at $24.54. 1,097 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 1,649 shares. The stock had previously closed at $24.51.

Western Asset Bond ETF Price Performance

The stock has a 50 day moving average price of $24.73 and a 200-day moving average price of $25.07.

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Western Asset Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.1201 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Investors Weigh In On Western Asset Bond ETF

A number of large investors have recently modified their holdings of the business. Landmark Wealth Management LLC boosted its position in Western Asset Bond ETF by 6.3% during the fourth quarter. Landmark Wealth Management LLC now owns 146,079 shares of the company’s stock worth $3,703,000 after acquiring an additional 8,612 shares during the last quarter. Encompass More Asset Management grew its stake in Western Asset Bond ETF by 2.4% during the 4th quarter. Encompass More Asset Management now owns 50,953 shares of the company’s stock valued at $1,292,000 after acquiring an additional 1,207 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $39,000 after acquiring an additional 524 shares during the last quarter.

Western Asset Bond ETF Company Profile

(Get Free Report)

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.

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