Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 0.1% – Time to Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) dropped 0.1% during mid-day trading on Thursday . The company 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 Down 0.1%

The stock has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.53.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

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

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 4.6% in the 2nd quarter. Apollon Wealth Management LLC now owns 27,925 shares of the company’s stock worth $232,000 after buying an additional 1,220 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after purchasing an additional 1,298 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 145,931 shares of the company’s stock worth $1,267,000 after buying an additional 2,631 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after acquiring an additional 3,169 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Legg Mason BW Global Income Opportunities Fund by 21.4% during the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock valued at $163,000 after buying an additional 3,442 shares in the last quarter.

About Legg Mason BW Global Income Opportunities Fund

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.