Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.68 and traded as low as $10.90. Western Asset Mortgage Opportunity Fund shares last traded at $10.90, with a volume of 62,854 shares changing hands.

Western Asset Mortgage Opportunity Fund Stock Performance

The business’s 50-day simple moving average is $11.25 and its 200 day simple moving average is $11.68.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 13.2%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

A number of large investors have recently bought and sold shares of DMO. Noble Wealth Management PBC lifted its position in Western Asset Mortgage Opportunity Fund by 351.9% in the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 10,822 shares during the last quarter. Bank of America Corp DE raised its holdings in Western Asset Mortgage Opportunity Fund by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after buying an additional 2,424 shares during the last quarter. Integrated Capital Management Inc. raised its holdings in Western Asset Mortgage Opportunity Fund by 5.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock valued at $206,000 after buying an additional 905 shares during the last quarter. Journey Strategic Wealth LLC boosted its position in Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after buying an additional 10,500 shares during the period. Finally, Aviance Capital Partners LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 17.9% in the 2nd quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock worth $455,000 after acquiring an additional 5,800 shares during the last quarter.

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.