Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.38. Western Asset Mortgage Opportunity Fund shares last traded at $10.4150, with a volume of 38,100 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Down 0.6%

The stock’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $10.93.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 13.9%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after acquiring an additional 10,721 shares during the last quarter. LPL Financial LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 13.7% during the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after acquiring an additional 30,402 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 8.6% in the second quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after purchasing an additional 17,374 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after purchasing an additional 9,350 shares during the period. Finally, Aviance Capital Partners LLC increased its position in Western Asset Mortgage Opportunity Fund by 3.8% during the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after purchasing an additional 1,489 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

(Get Free Report)

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.

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