Encompass More Asset Management Makes New Investment in Western Asset Short Duration Income ETF (NASDAQ:WINC)

Encompass More Asset Management acquired a new position in shares of Western Asset Short Duration Income ETF (NASDAQ:WINC) in the third quarter, Holdings Channel reports. The firm acquired 80,536 shares of the company’s stock, valued at approximately $1,961,000. Encompass More Asset Management owned 0.16% of Western Asset Short Duration Income ETF at the end of the most recent quarter.

Separately, Financial Advocates Investment Management purchased a new position in shares of Western Asset Short Duration Income ETF during the 2nd quarter valued at approximately $208,000.

Western Asset Short Duration Income ETF Stock Up 0.1 %

Shares of WINC stock opened at $24.11 on Friday. Western Asset Short Duration Income ETF has a 1-year low of $23.57 and a 1-year high of $24.37. The stock has a 50 day simple moving average of $24.12 and a 200-day simple moving average of $24.04.

Western Asset Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.098 dividend. This is a boost from Western Asset Short Duration Income ETF’s previous monthly dividend of $0.09. This represents a $1.18 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Friday, November 1st.

Western Asset Short Duration Income ETF Company Profile

The Western Asset Short Duration Income ETF (WINC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of USD-denominated, short-term corporate debt securities issued by US or foreign entities. WINC was launched on Feb 7, 2019 and is managed by Franklin Templeton.