Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.84 and traded as low as $10.43. Western Asset Mortgage Opportunity Fund shares last traded at $10.56, with a volume of 31,413 shares trading hands.
Western Asset Mortgage Opportunity Fund Stock Up 0.8 %
The company has a 50 day moving average price of $10.62 and a 200 day moving average price of $10.84.
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The business also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, May 22nd. This represents a $1.20 annualized dividend and a yield of 11.36%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. MML Investors Services LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.5% in the 3rd quarter. MML Investors Services LLC now owns 105,529 shares of the investment management company's stock valued at $1,172,000 after buying an additional 2,529 shares during the period. Matisse Capital lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 30.0% in the 3rd quarter. Matisse Capital now owns 130,000 shares of the investment management company's stock valued at $1,444,000 after buying an additional 30,000 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 10.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 182,867 shares of the investment management company's stock valued at $2,032,000 after purchasing an additional 17,369 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Western Asset Mortgage Opportunity Fund in the 4th quarter valued at approximately $256,000. Finally, Envestnet Asset Management Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 87.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 251,283 shares of the investment management company's stock valued at $2,706,000 after purchasing an additional 117,032 shares in the last quarter.
Western Asset Mortgage Opportunity Fund Company Profile
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Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.
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