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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.95 and traded as low as $10.69. Western Asset Mortgage Opportunity Fund shares last traded at $10.70, with a volume of 22,003 shares.

Western Asset Mortgage Opportunity Fund Trading Down 0.1%

The stock has a fifty day moving average of $10.81 and a 200-day moving average of $10.95.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Western Asset Mortgage Opportunity Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock valued at $4,321,000 after buying an additional 10,721 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 13.7% in the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after acquiring an additional 30,402 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 8.6% in the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after acquiring an additional 17,374 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after acquiring an additional 9,350 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its stake in shares of 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 acquiring an additional 1,489 shares during the period.

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.