Allspring Global Investments Holdings LLC Acquires 115,072 Shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Allspring Global Investments Holdings LLC increased its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 27.7% during the 4th quarter, Holdings Channel reports. The firm owned 530,044 shares of the company’s stock after purchasing an additional 115,072 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $6,769,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Money Concepts Capital Corp purchased a new position in Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth approximately $30,000. Comerica Bank purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund during the third quarter valued at about $33,000. Envestnet Asset Management Inc. lifted its stake 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 worth $148,000 after purchasing an additional 832 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter worth about $178,000. Finally, Stifel Financial Corp increased its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.0% during the 1st 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 Thursday. The stock’s 50-day moving average is $12.44 and its 200 day moving average is $12.23. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 1-year low of $11.21 and a 1-year high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

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

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.