Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.45 and traded as low as $10.77. Western Asset Mortgage Opportunity Fund shares last traded at $10.8550, with a volume of 34,959 shares traded.

Western Asset Mortgage Opportunity Fund Trading Down 0.3%

The stock has a fifty day moving average price of $11.08 and a two-hundred day moving average price of $11.45.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.3%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently bought and sold shares of DMO. Royal Bank of Canada grew its position 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 purchasing an additional 14,948 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 3.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after buying an additional 1,097 shares in the last quarter. Marex Group plc bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter valued at approximately $189,000. LPL Financial LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 13.7% in the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after buying an additional 30,402 shares during the period. Finally, Aviance Capital Partners LLC grew its position in Western Asset Mortgage Opportunity Fund by 3.8% during the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after buying an additional 1,489 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.