Western Asset Mrtg Defined Oppn Fund Inc (DMO) Stake Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in shares of Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,849 shares of the investment management company’s stock after acquiring an additional 109 shares during the period. Ameriprise Financial Inc.’s holdings in Western Asset Mrtg Defined Oppn Fund were worth $392,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Western Asset Mrtg Defined Oppn Fund during the second quarter valued at about $209,000. Global X Management Co. LLC increased its position in shares of Western Asset Mrtg Defined Oppn Fund by 1.2% during the second quarter. Global X Management Co. LLC now owns 11,806 shares of the investment management company’s stock valued at $310,000 after buying an additional 144 shares during the period. IFP Advisors Inc increased its position in shares of Western Asset Mrtg Defined Oppn Fund by 51.7% during the second quarter. IFP Advisors Inc now owns 17,214 shares of the investment management company’s stock valued at $454,000 after buying an additional 5,870 shares during the period. Wells Fargo & Company MN increased its position in shares of Western Asset Mrtg Defined Oppn Fund by 0.5% during the second quarter. Wells Fargo & Company MN now owns 17,378 shares of the investment management company’s stock valued at $459,000 after buying an additional 89 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Western Asset Mrtg Defined Oppn Fund by 5.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 75,564 shares of the investment management company’s stock valued at $1,994,000 after buying an additional 3,689 shares during the period.

Western Asset Mrtg Defined Oppn Fund Inc (NYSE DMO) opened at $24.60 on Wednesday. Western Asset Mrtg Defined Oppn Fund Inc has a 52-week low of $21.27 and a 52-week high of $27.29.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be given a dividend of $0.225 per share. This represents a $2.70 annualized dividend and a dividend yield of 10.98%. The ex-dividend date is Thursday, February 15th.

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Western Asset Mrtg Defined Oppn Fund Company Profile

Western Asset Mortgage Defined Opportunity Fund Inc (the Fund) is a non-diversified, limited-term, closed-end management investment company. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund intends to seek capital appreciation. The Fund invests in a portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.

Institutional Ownership by Quarter for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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