Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.122 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date is Wednesday, September 23rd.
Western Asset Global Corporate Defined Opportunity Fund Price Performance
GDO opened at $10.29 on Friday. The business has a fifty day moving average price of $10.59 and a 200 day moving average price of $10.95. Western Asset Global Corporate Defined Opportunity Fund has a 12 month low of $10.20 and a 12 month high of $12.15.
Hedge Funds Weigh In On Western Asset Global Corporate Defined Opportunity Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC raised its holdings in Western Asset Global Corporate Defined Opportunity Fund by 181.0% in the fourth quarter. Shaker Financial Services LLC now owns 94,936 shares of the company’s stock valued at $1,121,000 after acquiring an additional 61,145 shares in the last quarter. Cetera Investment Advisers grew its holdings in Western Asset Global Corporate Defined Opportunity Fund by 43.6% during the 4th quarter. Cetera Investment Advisers now owns 19,836 shares of the company’s stock worth $234,000 after acquiring an additional 6,020 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth approximately $84,000. Advisory Services Network LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the 3rd quarter worth approximately $37,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter valued at approximately $177,000.
About Western Asset Global Corporate Defined Opportunity Fund
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.
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