Envestnet Asset Management Inc. Acquires 4,305 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Envestnet Asset Management Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Rating) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 128,971 shares of the investment management company’s stock after buying an additional 4,305 shares during the period. Envestnet Asset Management Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $1,506,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Integrated Capital Management Inc. raised its position in shares of Western Asset Mortgage Opportunity Fund by 8.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 12,988 shares of the investment management company’s stock worth $151,000 after acquiring an additional 1,064 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 2.5% in the 2nd quarter. Park Avenue Securities LLC now owns 82,471 shares of the investment management company’s stock worth $963,000 after acquiring an additional 1,982 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 93,888 shares of the investment management company’s stock worth $1,255,000 after acquiring an additional 2,503 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Western Asset Mortgage Opportunity Fund by 7.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 56,534 shares of the investment management company’s stock worth $756,000 after acquiring an additional 3,741 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Western Asset Mortgage Opportunity Fund in the 1st quarter valued at about $174,000.

Western Asset Mortgage Opportunity Fund Stock Up 1.2 %

Shares of Western Asset Mortgage Opportunity Fund stock opened at $11.24 on Monday. Western Asset Mortgage Opportunity Fund Inc. has a one year low of $10.45 and a one year high of $16.00. The business has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $11.67.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date is Friday, February 17th.

About Western Asset Mortgage Opportunity Fund

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding DMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Rating).

Institutional Ownership by Quarter for Western Asset Mortgage Opportunity Fund (NYSE:DMO)

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