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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.16 and traded as low as $10.98. Western Asset Mortgage Opportunity Fund shares last traded at $11.01, with a volume of 40,223 shares changing hands.

Western Asset Mortgage Opportunity Fund Trading Down 0.1%

The firm has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $11.16.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 13.1%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in 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 valued at $2,783,000 after purchasing an additional 30,402 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in 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 valued at $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after purchasing an additional 9,350 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after buying an additional 1,097 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after buying an additional 952 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

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.