Comerica Bank Grows Stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Comerica Bank grew its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 2,631.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,015 shares of the investment management company’s stock after buying an additional 8,685 shares during the quarter. Comerica Bank’s holdings in Western Asset Mortgage Opportunity Fund were worth $106,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Journey Strategic Wealth LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.7% in the 4th quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,350 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Western Asset Mortgage Opportunity Fund by 18.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 3,391 shares in the last quarter. Aviance Capital Partners LLC lifted its position in Western Asset Mortgage Opportunity Fund by 12.7% during the fourth quarter. Aviance Capital Partners LLC now owns 25,678 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,901 shares in the last quarter. Choreo LLC lifted its position in Western Asset Mortgage Opportunity Fund by 30.0% during the fourth quarter. Choreo LLC now owns 30,895 shares of the investment management company’s stock valued at $365,000 after purchasing an additional 7,127 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Western Asset Mortgage Opportunity Fund during the fourth quarter valued at about $842,000.

Western Asset Mortgage Opportunity Fund Price Performance

NYSE:DMO opened at $11.66 on Monday. Western Asset Mortgage Opportunity Fund Inc. has a 52 week low of $10.81 and a 52 week high of $12.34. The business’s 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $11.78.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.56 annualized dividend and a yield of 13.38%.

Western Asset Mortgage Opportunity Fund Profile

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.