Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.49 and traded as low as $8.36. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.3750, with a volume of 290,728 shares.
Western Asset Inflation-Linked Opportunities & Income Fund Stock Performance
The stock’s 50-day simple moving average is $8.36 and its 200 day simple moving average is $8.48.
Institutional Investors Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund
Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 3.0% during the 3rd quarter. Invesco Ltd. now owns 1,024,485 shares of the investment management company’s stock worth $9,108,000 after buying an additional 29,537 shares in the last quarter. PenderFund Capital Management Ltd. raised its position in Western Asset Inflation-Linked Opportunities & Income Fund by 0.9% in the fourth quarter. PenderFund Capital Management Ltd. now owns 1,015,397 shares of the investment management company’s stock worth $8,722,000 after acquiring an additional 8,700 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Western Asset Inflation-Linked Opportunities & Income Fund by 10.7% in the fourth quarter. Private Advisor Group LLC now owns 974,328 shares of the investment management company’s stock valued at $8,369,000 after acquiring an additional 94,162 shares during the period. Bank of America Corp DE boosted its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 3.5% during the 1st quarter. Bank of America Corp DE now owns 777,957 shares of the investment management company’s stock worth $6,582,000 after purchasing an additional 26,325 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 1.4% during the 4th quarter. LPL Financial LLC now owns 738,455 shares of the investment management company’s stock worth $6,343,000 after purchasing an additional 9,963 shares during the period.
About Western Asset Inflation-Linked Opportunities & Income Fund
Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.
The fund typically allocates a substantial portion of its assets to U.S.
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