Aviance Capital Partners LLC Purchases 2,901 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Aviance Capital Partners LLC grew its position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,678 shares of the investment management company’s stock after acquiring an additional 2,901 shares during the period. Aviance Capital Partners LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter worth approximately $842,000. Choreo LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 30.0% in the fourth quarter. Choreo LLC now owns 30,895 shares of the investment management company’s stock worth $365,000 after purchasing an additional 7,127 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 11.7% in the fourth quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,350 shares during the period. Park Avenue Securities LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 9.1% in the fourth quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock worth $963,000 after purchasing an additional 6,822 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 21.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock worth $390,000 after purchasing an additional 5,859 shares during the period.

Western Asset Mortgage Opportunity Fund Price Performance

DMO stock opened at $11.78 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a one year low of $11.16 and a one year high of $12.34. The company’s fifty day moving average price is $11.77 and its 200-day moving average price is $11.96.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 13.24%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset Mortgage Opportunity Fund

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.