Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 92.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,404 shares of the company’s stock after selling 236,606 shares during the quarter. Wells Fargo & Company MN’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $220,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 25.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,948 shares of the company’s stock valued at $283,000 after acquiring an additional 4,998 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the fourth quarter valued at approximately $646,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter valued at approximately $933,000.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.4 %

Shares of GDO opened at $11.41 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $13.01. The stock has a fifty day moving average of $11.29 and a two-hundred day moving average of $11.42.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.122 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 12.59%.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

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.