Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Shares Down 0.6% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) shares were down 0.6% during trading on Monday . The company traded as low as $7.79 and last traded at $7.80. Approximately 61,561 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 93,228 shares. The stock had previously closed at $7.85.

Legg Mason BW Global Income Opportunities Fund Price Performance

The stock’s 50-day moving average is $7.94 and its 200 day moving average is $8.20.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.08 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after buying an additional 3,169 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Legg Mason BW Global Income Opportunities Fund by 339.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after buying an additional 3,397 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at $59,000. Integrity Advisory Solutions LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at $92,000. Finally, Cerity Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at $105,000.

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.