Baird Financial Group Inc. Takes Position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Baird Financial Group Inc. bought a new position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMOGet Rating) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 10,054 shares of the investment management company’s stock, valued at approximately $117,000.

Several other large investors have also recently modified their holdings of DMO. Integrated Capital Management Inc. raised its position in Western Asset Mortgage Opportunity Fund by 8.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 12,988 shares of the investment management company’s stock worth $151,000 after purchasing an additional 1,064 shares during the period. Park Avenue Securities LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 2.5% during the 2nd quarter. Park Avenue Securities LLC now owns 82,471 shares of the investment management company’s stock valued at $963,000 after acquiring an additional 1,982 shares during the period. NewEdge Advisors LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 93,888 shares of the investment management company’s stock valued at $1,255,000 after acquiring an additional 2,503 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 7.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,534 shares of the investment management company’s stock worth $756,000 after purchasing an additional 3,741 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 128,971 shares of the investment management company’s stock worth $1,506,000 after purchasing an additional 4,305 shares during the period.

Western Asset Mortgage Opportunity Fund Price Performance

Western Asset Mortgage Opportunity Fund stock opened at $11.16 on Friday. The firm has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.65. Western Asset Mortgage Opportunity Fund Inc. has a 1 year low of $10.45 and a 1 year high of $16.00.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 22nd will be issued a $0.10 dividend. The ex-dividend date is Wednesday, December 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.75%.

Western Asset Mortgage Opportunity Fund Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Western Asset Mortgage Opportunity Fund (NYSE:DMO)

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