Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 0.1% – Should You Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s share price traded down 0.1% during mid-day trading on Thursday . The company traded as low as $8.48 and last traded at $8.5150. 54,153 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 117,523 shares. The stock had previously closed at $8.52.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The firm’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $8.53.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWG. Geneos Wealth Management Inc. boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd 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. Cerity Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth approximately $105,000. XTX Topco Ltd acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund in the second quarter valued at approximately $111,000. Osaic Holdings Inc. increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 21.4% during the second quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after purchasing an additional 3,442 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after purchasing an additional 1,298 shares during the last quarter.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.