Western Asset Total Return ETF (NASDAQ:WBND) Stock Price Down 0.3% – Time to Sell?

Western Asset Total Return ETF (NASDAQ:WBND)’s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $19.98 and last traded at $19.99. Approximately 123,203 shares traded hands during trading, an increase of 965% from the average daily volume of 11,571 shares. The stock had previously closed at $20.06.

Western Asset Total Return ETF Price Performance

The firm’s 50-day simple moving average is $19.76 and its 200 day simple moving average is $20.06.

Western Asset Total Return ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Trading of Western Asset Total Return ETF

A number of large investors have recently added to or reduced their stakes in WBND. LPL Financial LLC lifted its holdings in shares of Western Asset Total Return ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 79,344 shares of the company’s stock valued at $1,547,000 after purchasing an additional 2,148 shares during the last quarter. Jane Street Group LLC grew its position in Western Asset Total Return ETF by 26.1% during 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. Flow Traders U.S. LLC acquired a new stake in Western Asset Total Return ETF during the 3rd quarter valued at $1,094,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Western Asset Total Return ETF by 124.9% in the fourth quarter. Citadel Advisors LLC now owns 192,745 shares of the company’s stock valued at $3,759,000 after purchasing an additional 107,048 shares in the last quarter.

Western Asset Total Return ETF Company Profile

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.