Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Shares Down 0.1% – Here’s Why

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

Legg Mason BW Global Income Opportunities Fund Price Performance

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

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business 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 $0.08 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 11.3%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Pathstone Holdings LLC lifted its position in Legg Mason BW Global Income Opportunities Fund by 48.0% in the third quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock worth $11,447,000 after purchasing an additional 427,597 shares during the period. Advisors Asset Management Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 194.5% during the third quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock valued at $2,652,000 after buying an additional 201,810 shares in the last quarter. Shaker Financial Services LLC grew its holdings in Legg Mason BW Global Income Opportunities Fund by 53.7% during the second quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock worth $3,209,000 after acquiring an additional 133,608 shares during the period. Wolverine Asset Management LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter worth about $399,000. Finally, Bank of America Corp DE raised its position in Legg Mason BW Global Income Opportunities Fund by 12.6% in the second quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock worth $3,542,000 after acquiring an additional 47,748 shares in 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.