Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.95 and traded as low as $10.69. Western Asset Mortgage Opportunity Fund shares last traded at $10.70, with a volume of 22,003 shares.

Western Asset Mortgage Opportunity Fund Trading Down 0.1%

The firm’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $10.95.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Several large investors have recently bought and sold shares of DMO. Bank of America Corp DE grew its position in shares of Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after acquiring an additional 952 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Western Asset Mortgage Opportunity Fund by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 1,097 shares during the last quarter. Aviance Capital Partners LLC raised its position in Western Asset Mortgage Opportunity Fund by 3.8% in the 4th quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock valued at $448,000 after purchasing an additional 1,489 shares during the last quarter. Noble Wealth Management PBC boosted its stake in Western Asset Mortgage Opportunity Fund by 14.5% during the 2nd quarter. Noble Wealth Management PBC now owns 39,837 shares of the investment management company’s stock worth $427,000 after purchasing an additional 5,040 shares during the period. Finally, Raymond James Financial Inc. boosted its stake 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 worth $1,031,000 after purchasing an additional 9,350 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

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.