Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.45 and traded as low as $10.77. Western Asset Mortgage Opportunity Fund shares last traded at $10.8550, with a volume of 34,959 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Performance

The firm’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $11.45.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of DMO. Royal Bank of Canada boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 4.0% during the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after acquiring an additional 14,948 shares during the period. Envestnet Asset Management Inc. raised its stake in Western Asset Mortgage Opportunity Fund by 5.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock valued at $2,843,000 after acquiring an additional 12,090 shares during the period. LPL Financial LLC raised its stake in Western Asset Mortgage Opportunity Fund by 13.7% in the 4th quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock valued at $2,783,000 after acquiring an additional 30,402 shares during the period. Baird Financial Group Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 11.9% during the 3rd quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after purchasing an additional 9,350 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.