Raymond James Financial Services Advisors Inc. Sells 2,462 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Raymond James Financial Services Advisors Inc. decreased its position in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,370 shares of the investment management company’s stock after selling 2,462 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. raised its stake in Western Asset Mortgage Opportunity Fund by 18.2% during the second quarter. Sit Investment Associates Inc. now owns 457,438 shares of the investment management company’s stock worth $5,343,000 after buying an additional 70,556 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 9.7% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 165,498 shares of the investment management company’s stock valued at $1,933,000 after purchasing an additional 14,647 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 128,971 shares of the investment management company’s stock valued at $1,506,000 after purchasing an additional 4,305 shares in the last quarter. Riverbridge Partners LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund during the 2nd quarter valued at about $1,275,000. Finally, Bank of America Corp DE grew its stake in Western Asset Mortgage Opportunity Fund by 520.3% during the first quarter. Bank of America Corp DE now owns 103,805 shares of the investment management company’s stock worth $1,388,000 after purchasing an additional 87,071 shares during the period.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of DMO opened at $11.06 on Tuesday. Western Asset Mortgage Opportunity Fund Inc. has a 52-week low of $10.45 and a 52-week high of $15.13. The business’s 50 day moving average price is $10.98 and its two-hundred day moving average price is $11.37.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 24th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.85%. The ex-dividend date is Monday, January 23rd.

Western Asset Mortgage Opportunity Fund Company Profile

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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.