Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.94 and traded as low as $11.83. Western Asset Mortgage Opportunity Fund shares last traded at $11.89, with a volume of 57,198 shares trading hands.

Western Asset Mortgage Opportunity Fund Trading Down 0.1 %

The firm’s fifty day moving average is $11.79 and its 200-day moving average is $11.94.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 13.12%. The ex-dividend date is Monday, March 24th.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 13.4% during the 4th quarter. Guggenheim Capital LLC now owns 228,165 shares of the investment management company’s stock valued at $2,692,000 after purchasing an additional 27,035 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 205,413 shares of the investment management company’s stock valued at $2,424,000 after purchasing an additional 4,573 shares during the last quarter. Baird Financial Group Inc. increased its position in Western Asset Mortgage Opportunity Fund by 86.0% in the 4th quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock valued at $2,271,000 after acquiring an additional 89,030 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its position in Western Asset Mortgage Opportunity Fund by 9.2% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,792 shares of the investment management company’s stock valued at $1,591,000 after acquiring an additional 11,323 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Western Asset Mortgage Opportunity Fund by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after acquiring an additional 1,403 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.