Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.19 and traded as low as $10.96. Western Asset Mortgage Opportunity Fund shares last traded at $11.0850, with a volume of 13,312 shares traded.

Western Asset Mortgage Opportunity Fund Stock Up 0.1%

The firm’s 50-day moving average is $10.97 and its two-hundred day moving average is $11.19.

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Western Asset Mortgage Opportunity Fund Announces Dividend

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 $0.12 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake 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 worth $2,783,000 after buying an additional 30,402 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after buying an additional 17,374 shares during the last quarter. Marex Group plc acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter worth about $189,000. Royal Bank of Canada boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 4.0% during the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after buying an additional 14,948 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 5.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock worth $2,843,000 after buying an additional 12,090 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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