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

Western Asset Total Return ETF (NASDAQ:WBND) was down 0.3% on Tuesday . The stock traded as low as $20.02 and last traded at $20.03. Approximately 30,331 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 14,758 shares. The stock had previously closed at $20.10.

Western Asset Total Return ETF Stock Up 0.5 %

The company has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $20.25.

Western Asset Total Return ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.0526 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.63 annualized dividend and a dividend yield of 3.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WBND. Sanctuary Advisors LLC bought a new position in shares of Western Asset Total Return ETF in the second quarter worth $10,478,000. Flow Traders U.S. LLC bought a new position in shares of Western Asset Total Return ETF in the third quarter worth $1,094,000. Bank of New York Mellon Corp grew its stake in shares of Western Asset Total Return ETF by 22.4% in the second quarter. Bank of New York Mellon Corp now owns 174,383 shares of the company’s stock worth $3,477,000 after purchasing an additional 31,898 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Western Asset Total Return ETF in the third quarter worth $481,000. Finally, Allworth Financial LP boosted its stake in Western Asset Total Return ETF by 7.8% during the third quarter. Allworth Financial LP now owns 245,432 shares of the company’s stock valued at $5,099,000 after buying an additional 17,787 shares in 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.