Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Shares Down 0.3% – Time to Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s stock price was down 0.3% during trading on Monday . The stock traded as low as $8.25 and last traded at $8.2850. Approximately 81,195 shares were traded during trading, a decline of 21% from the average daily volume of 102,509 shares. The stock had previously closed at $8.31.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.3%

The stock’s fifty day simple moving average is $8.05 and its two-hundred day simple moving average is $8.33.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Thursday, May 21st.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in Legg Mason BW Global Income Opportunities Fund by 194.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock worth $2,652,000 after purchasing an additional 201,810 shares during the last quarter. Bank of America Corp DE grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 12.6% in the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock valued at $3,542,000 after buying an additional 47,748 shares during the last quarter. Invesco Ltd. grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.6% in the 4th quarter. Invesco Ltd. now owns 186,471 shares of the company’s stock valued at $1,561,000 after buying an additional 9,840 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 7.0% in the first quarter. Royal Bank of Canada now owns 87,667 shares of the company’s stock valued at $732,000 after buying an additional 5,728 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the third quarter valued at about $407,000.

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.