Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 0.1% – Here’s Why

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s share price was down 0.1% during trading on Thursday . The stock traded as low as $8.48 and last traded at $8.5150. Approximately 54,153 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 117,523 shares. The stock had previously closed at $8.52.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The stock has a 50-day simple moving average of $8.47 and a 200 day simple moving average of $8.53.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

Institutional investors have recently bought and sold shares of the stock. Pathstone Holdings LLC grew its holdings in Legg Mason BW Global Income Opportunities Fund by 48.0% during the third quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock valued at $11,447,000 after purchasing an additional 427,597 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 12.6% during the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock worth $3,542,000 after buying an additional 47,748 shares during the period. Shaker Financial Services LLC grew its stake in Legg Mason BW Global Income Opportunities Fund by 53.7% in the 2nd quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock valued at $3,209,000 after buying an additional 133,608 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Legg Mason BW Global Income Opportunities Fund by 194.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock worth $2,652,000 after acquiring an additional 201,810 shares during the period. Finally, Stephens Inc. AR lifted its position in Legg Mason BW Global Income Opportunities Fund by 3.7% during the 2nd quarter. Stephens Inc. AR now owns 150,632 shares of the company’s stock worth $1,252,000 after acquiring an additional 5,310 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.