Raymond James Financial Services Advisors Inc. Has $749,000 Stock Holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Raymond James Financial Services Advisors Inc. cut its stake in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,625 shares of the company’s stock after selling 13,740 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $749,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Money Concepts Capital Corp acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at approximately $30,000. Comerica Bank acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the third quarter valued at approximately $33,000. Envestnet Asset Management Inc. boosted its position in Western Asset Global Corporate Defined Opportunity Fund by 8.3% during the second quarter. Envestnet Asset Management Inc. now owns 10,897 shares of the company’s stock valued at $148,000 after purchasing an additional 832 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the first quarter valued at approximately $178,000. Finally, Stifel Financial Corp boosted its position in Western Asset Global Corporate Defined Opportunity Fund by 14.0% during the first quarter. Stifel Financial Corp now owns 14,779 shares of the company’s stock valued at $188,000 after purchasing an additional 1,812 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE GDO opened at $11.96 on Wednesday. The stock has a 50 day moving average price of $12.46 and a 200 day moving average price of $12.23. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 52 week low of $11.21 and a 52 week high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd will be paid a $0.102 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.22 annualized dividend and a yield of 10.23%.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate Defined 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 by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.