Shaker Financial Services LLC Increases Stock Position in Western Asset Global Corporate Defined Opportunity Fund Inc. $GDO

Shaker Financial Services LLC lifted its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 181.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 94,936 shares of the company’s stock after buying an additional 61,145 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $1,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. lifted its holdings 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 valued at $887,000 after acquiring an additional 884 shares in the last quarter. UBS Group AG lifted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1.7% in the 3rd quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after buying an additional 1,044 shares in the last quarter. Advisory Services Network LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth $37,000. Royal Bank of Canada lifted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 54.1% in the 1st quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock worth $329,000 after buying an additional 9,957 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 9.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 119,207 shares of the company’s stock worth $1,396,000 after buying an additional 10,148 shares in the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.3%

Shares of GDO stock opened at $11.34 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 12 month low of $10.52 and a 12 month high of $12.15. The company’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $11.51.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.122 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.9%.

Western Asset Global Corporate Defined Opportunity Fund Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.