Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Below Two Hundred Day Moving Average of $11.38

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.38 and traded as low as $11.04. Western Asset Mortgage Opportunity Fund shares last traded at $11.28, with a volume of 49,051 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Up 0.5 %

The company has a 50 day moving average of $10.97 and a two-hundred day moving average of $11.38.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 24th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.64%. The ex-dividend date of this dividend is Monday, January 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 18.2% during the second quarter. Sit Investment Associates Inc. now owns 457,438 shares of the investment management company’s stock worth $5,343,000 after acquiring an additional 70,556 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its stake in Western Asset Mortgage Opportunity Fund by 10.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 182,867 shares of the investment management company’s stock valued at $2,032,000 after acquiring an additional 17,369 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 134,251 shares of the investment management company’s stock worth $1,492,000 after buying an additional 5,280 shares during the period. Matisse Capital boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 30.0% during the third quarter. Matisse Capital now owns 130,000 shares of the investment management company’s stock worth $1,444,000 after buying an additional 30,000 shares during the period. Finally, Riverbridge Partners LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 4.7% during the fourth quarter. Riverbridge Partners LLC now owns 117,088 shares of the investment management company’s stock worth $1,261,000 after buying an additional 5,292 shares during the period.

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.