Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.81 and traded as low as $11.62. Western Asset Global Corporate Defined Opportunity Fund shares last traded at $11.6950, with a volume of 11,076 shares changing hands.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

The firm’s fifty day moving average price is $11.81 and its 200 day moving average price is $11.72.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. raised its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.2% during the 2nd quarter. Raymond James Financial Inc. now owns 75,165 shares of the company’s stock worth $887,000 after purchasing an additional 884 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 2.8% in the 3rd quarter. Shaker Financial Services LLC now owns 33,791 shares of the company’s stock valued at $407,000 after buying an additional 918 shares in the last quarter. UBS Group AG increased its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1.7% in the third quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after buying an additional 1,044 shares during the last quarter. Wolverine Asset Management LLC raised its position in Western Asset Global Corporate Defined Opportunity Fund by 5.1% during the first quarter. Wolverine Asset Management LLC now owns 59,904 shares of the company’s stock valued at $694,000 after acquiring an additional 2,881 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the third quarter valued at approximately $37,000.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined 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 by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.