Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 82.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,003 shares of the company’s stock after selling 191,096 shares during the quarter. Bank of America Corp DE’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $465,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GDO. Commonwealth Equity Services LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 25.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,948 shares of the company’s stock worth $283,000 after acquiring an additional 4,998 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Western Asset Global Corporate Defined Opportunity Fund by 18.5% during the fourth quarter. Ameriprise Financial Inc. now owns 97,270 shares of the company’s stock worth $1,102,000 after purchasing an additional 15,212 shares in the last quarter. 1607 Capital Partners LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter worth $322,000. Shaker Financial Services LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth about $572,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth about $646,000.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of GDO opened at $11.50 on Thursday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 1-year low of $10.29 and a 1-year high of $13.01. The firm has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.34.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 22nd will be given a dividend of $0.122 per share. This represents a $1.46 annualized dividend and a yield of 12.73%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset Global Corporate Defined Opportunity Fund 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.