Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading 0.2% Higher – What’s Next?

Shares of Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) were up 0.2% on Friday . The stock traded as high as $8.41 and last traded at $8.41. Approximately 50,237 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 83,006 shares. The stock had previously closed at $8.39.

Legg Mason BW Global Income Opportunities Fund Price Performance

The firm has a 50 day moving average price of $8.47 and a two-hundred day moving average price of $8.46.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after buying an additional 3,169 shares during the period. Elequin Capital LP acquired a new position in Legg Mason BW Global Income Opportunities Fund in the first quarter valued at $35,000. Cerity Partners LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund during the second quarter valued at $105,000. XTX Topco Ltd acquired a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth about $111,000. Finally, Osaic Holdings Inc. grew its holdings in Legg Mason BW Global Income Opportunities Fund by 21.4% during the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after acquiring an additional 3,442 shares during the period.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities 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 Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.