LPL Financial LLC Has $2.20 Million Stock Holdings in Western Asset Mortgage Opportunity Fund Inc. $DMO

LPL Financial LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 110.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,055 shares of the investment management company’s stock after buying an additional 97,825 shares during the period. LPL Financial LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $2,199,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DMO. Baird Financial Group Inc. boosted its position in Western Asset Mortgage Opportunity Fund by 86.0% during the 4th quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock worth $2,271,000 after buying an additional 89,030 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Western Asset Mortgage Opportunity Fund in the 4th quarter worth approximately $842,000. Journey Strategic Wealth LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 163.4% in the 1st quarter. Journey Strategic Wealth LLC now owns 33,850 shares of the investment management company’s stock worth $400,000 after purchasing an additional 21,000 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Western Asset Mortgage Opportunity Fund by 7.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 221,660 shares of the investment management company’s stock worth $2,620,000 after purchasing an additional 16,247 shares during the period. Finally, Comerica Bank lifted its position in shares of Western Asset Mortgage Opportunity Fund by 2,631.8% in the 4th quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock worth $106,000 after purchasing an additional 8,685 shares during the period.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO opened at $11.83 on Wednesday. Western Asset Mortgage Opportunity Fund Inc. has a 52-week low of $10.81 and a 52-week high of $12.32. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $11.77.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, December 1st. Stockholders of record on Thursday, November 20th will be given a $0.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a dividend yield of 1,310.0%.

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.