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

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.59 and traded as low as $9.44. Western Asset Mortgage Opportunity Fund shares last traded at $9.5160, with a volume of 51,104 shares.

Western Asset Mortgage Opportunity Fund Trading Up 0.9%

The company’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $10.59.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 15.1%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Noble Wealth Management PBC increased its stake in Western Asset Mortgage Opportunity Fund by 7.9% during the 3rd quarter. Noble Wealth Management PBC now owns 42,987 shares of the investment management company’s stock worth $409,000 after buying an additional 3,150 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Western Asset Mortgage Opportunity Fund in the second quarter valued at approximately $32,000. HighTower Advisors LLC purchased a new position in shares of Western Asset Mortgage Opportunity Fund in the second quarter valued at approximately $307,000. Baird Financial Group Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 35.6% in the second quarter. Baird Financial Group Inc. now owns 182,317 shares of the investment management company’s stock worth $1,953,000 after acquiring an additional 47,908 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 22.3% in the second quarter. Susquehanna International Group LLP now owns 17,389 shares of the investment management company’s stock worth $186,000 after acquiring an additional 3,169 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund (NYSE: DMO) is a closed-end investment company managed by Western Asset Management Company LLC, an affiliate of Franklin Resources. The fund seeks to provide current income and total return by investing primarily in mortgage-related securities and other fixed-income assets.

Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by government-sponsored entities as well as privately issued mortgage-related instruments.