Envestnet Asset Management Inc. Buys 16,247 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Envestnet Asset Management Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,660 shares of the investment management company’s stock after buying an additional 16,247 shares during the period. Envestnet Asset Management Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $2,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DMO. Raymond James Financial Inc. bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the fourth quarter worth $842,000. Comerica Bank grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 2,631.8% in the fourth quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock worth $106,000 after acquiring an additional 8,685 shares during the period. LPL Financial LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 6.8% in the fourth quarter. LPL Financial LLC now owns 88,230 shares of the investment management company’s stock worth $1,041,000 after acquiring an additional 5,627 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 18.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock worth $259,000 after acquiring an additional 3,391 shares during the period. Finally, Riverbridge Partners LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 10.1% in the first quarter. Riverbridge Partners LLC now owns 42,968 shares of the investment management company’s stock worth $508,000 after acquiring an additional 3,927 shares during the period.

Western Asset Mortgage Opportunity Fund Stock Down 0.1%

Shares of DMO opened at $11.82 on Tuesday. The business has a fifty day moving average of $11.86 and a 200 day moving average of $11.74. Western Asset Mortgage Opportunity Fund Inc. has a one year low of $10.81 and a one year high of $12.32.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 25th will be given a $0.13 dividend. The ex-dividend date is Thursday, July 24th. This represents a dividend yield of 13%.

About Western Asset Mortgage Opportunity Fund

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.