Western Asset Total Return ETF (NASDAQ:WBND) Trading Down 0.1% – Here’s What Happened

Western Asset Total Return ETF (NASDAQ:WBND) shares traded down 0.1% on Tuesday . The stock traded as low as $19.71 and last traded at $19.74. 1,436 shares were traded during trading, a decline of 87% from the average session volume of 11,098 shares. The stock had previously closed at $19.76.

Western Asset Total Return ETF Trading Down 0.1%

The company’s 50-day simple moving average is $19.86 and its two-hundred day simple moving average is $19.83.

Western Asset Total Return ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WBND. LPL Financial LLC grew its holdings in shares of Western Asset Total Return ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 79,344 shares of the company’s stock worth $1,547,000 after acquiring an additional 2,148 shares during the period. Jane Street Group LLC boosted its stake in Western Asset Total Return ETF by 26.1% in the 4th 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. Finally, Citadel Advisors LLC grew its holdings in shares of Western Asset Total Return ETF by 124.9% during the fourth quarter. Citadel Advisors LLC now owns 192,745 shares of the company’s stock valued at $3,759,000 after buying an additional 107,048 shares during the last quarter.

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.