Key Points
- Director Carol Colman sold 1,400 shares on April 13 at an average price of $11.07, for a total of $15,498, disclosed in an SEC filing.
- The fund announced a monthly dividend of $0.12 per share (ex-dividend date May 21, payable May 29), reflecting about a 12.9% yield.
- Several institutions boosted stakes recently, notably Royal Bank of Canada now owns 388,487 shares (≈$4.59M) and Raymond James increased its position to 87,941 shares.
Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO - Get Free Report) Director Carol Colman sold 1,400 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $11.07, for a total value of $15,498.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Western Asset Mortgage Opportunity Fund Stock Up 1.0%
Shares of NYSE DMO opened at $11.15 on Wednesday. Western Asset Mortgage Opportunity Fund Inc. has a 1-year low of $10.42 and a 1-year high of $12.11. The stock has a fifty day moving average price of $11.01 and a 200 day moving average price of $11.33.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Thursday, May 21st.
Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund
Several institutional investors have recently made changes to their positions in the stock. Aviance Capital Partners LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 2.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 39,059 shares of the investment management company's stock worth $458,000 after purchasing an additional 916 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Western Asset Mortgage Opportunity Fund by 6.1% during the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company's stock worth $193,000 after purchasing an additional 952 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company's stock worth $397,000 after purchasing an additional 1,097 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company's stock worth $1,031,000 after purchasing an additional 9,350 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Western Asset Mortgage Opportunity Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company's stock worth $4,592,000 after purchasing an additional 10,116 shares in the last quarter.
About Western Asset Mortgage Opportunity Fund
(
Get Free Report)
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.
Further Reading
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