Moors & Cabot Inc. Purchases Shares of 23,800 Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Moors & Cabot Inc. purchased a new stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,800 shares of the investment management company’s stock, valued at approximately $256,000.

Several other institutional investors have also added to or reduced their stakes in DMO. Stockman Wealth Management Inc. purchased a new stake in Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $130,000. Oppenheimer & Co. Inc. grew its stake in shares of Western Asset Mortgage Opportunity Fund by 28.2% in the third quarter. Oppenheimer & Co. Inc. now owns 18,254 shares of the investment management company’s stock worth $203,000 after purchasing an additional 4,017 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the first quarter worth about $313,000. Raymond James & Associates grew its stake in shares of Western Asset Mortgage Opportunity Fund by 5.2% in the third quarter. Raymond James & Associates now owns 34,582 shares of the investment management company’s stock worth $384,000 after purchasing an additional 1,709 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Western Asset Mortgage Opportunity Fund by 165.2% in the third quarter. UBS Group AG now owns 49,903 shares of the investment management company’s stock worth $554,000 after purchasing an additional 31,085 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Price Performance

NYSE DMO opened at $10.54 on Monday. Western Asset Mortgage Opportunity Fund Inc. has a 1 year low of $10.16 and a 1 year high of $12.89. The business’s 50-day moving average is $10.46 and its 200 day moving average is $10.83.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 24th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.26 annualized dividend and a dividend yield of 11.95%.

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.