Western Asset Bond ETF (NASDAQ:WABF) Plans Dividend Increase – $0.15 Per Share

by · The Cerbat Gem

Western Asset Bond ETF (NASDAQ:WABF – Get Free Report) announced a monthly dividend on Thursday, December 18th. Stockholders of record on Friday, December 19th will be paid a dividend of 0.1539 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, December 19th. This is a 86.2% increase from Western Asset Bond ETF’s previous monthly dividend of $0.08.

Western Asset Bond ETF Stock Performance

WABF stock traded down $0.17 during trading hours on Friday, reaching $25.32. The stock had a trading volume of 1,245 shares, compared to its average volume of 3,440. Western Asset Bond ETF has a fifty-two week low of $24.31 and a fifty-two week high of $25.79. The stock has a 50-day simple moving average of $25.53 and a 200 day simple moving average of $25.30.

Institutional Trading of Western Asset Bond ETF

Several institutional investors have recently modified their holdings of WABF. Encompass More Asset Management boosted its holdings in shares of Western Asset Bond ETF by 32.1% during the 3rd quarter. Encompass More Asset Management now owns 49,746 shares of the company’s stock worth $1,269,000 after buying an additional 12,077 shares in the last quarter. Landmark Wealth Management LLC increased its holdings in Western Asset Bond ETF by 7.2% during the third quarter. Landmark Wealth Management LLC now owns 137,467 shares of the company’s stock worth $3,506,000 after buying an additional 9,260 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 buying an additional 524 shares during the period.

About Western Asset Bond ETF

(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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