Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.96 and traded as high as $12.00. Western Asset Mortgage Opportunity Fund shares last traded at $11.98, with a volume of 45,328 shares changing hands.

Western Asset Mortgage Opportunity Fund Trading Up 0.4 %

The company’s 50-day moving average is $11.76 and its two-hundred day moving average is $11.96.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in Western Asset Mortgage Opportunity Fund by 2,631.8% in the 4th quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock worth $106,000 after purchasing an additional 8,685 shares during the period. Journey Strategic Wealth LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 11.7% during the 4th quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 1,350 shares during the period. Integrated Capital Management Inc. grew its position in shares of Western Asset Mortgage Opportunity Fund by 5.9% during the 4th quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 919 shares during the period. Walleye Capital LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter valued at $244,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 18.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 3,391 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.