Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Falls 0.1% – What’s Next?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s share price dropped 0.1% during mid-day trading on Thursday. The stock traded as low as $6.76 and last traded at $6.9550. 129,210 shares changed hands during trading, an increase of 50% from the average session volume of 86,035 shares. The stock had previously closed at $6.96.

Legg Mason BW Global Income Opportunities Fund Price Performance

The business has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.74.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.96 annualized dividend and a yield of 13.7%.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Rareview Capital LLC grew its stake in Legg Mason BW Global Income Opportunities Fund by 56.8% in the second quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock valued at $1,489,000 after acquiring an additional 64,914 shares during the period. Stephens Inc. AR raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 17.2% during the first quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock worth $1,216,000 after purchasing an additional 23,217 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 15.5% during the 1st quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock valued at $1,287,000 after purchasing an additional 22,493 shares in the last quarter. Van Diest Capital LLC bought a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 1st quarter valued at about $129,000. Finally, Royal Bank of Canada grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% in the 1st quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock valued at $622,000 after purchasing an additional 14,236 shares during the period.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund, Inc is a closed-end investment company traded on the New York Stock Exchange under the symbol BWG. The fund seeks to provide investors with a high level of current income, along with the opportunity for capital appreciation, by investing primarily in fixed-income securities issued by governments, government-related entities and corporations around the world.

The fund’s portfolio may include investment-grade and below-investment-grade debt, emerging-market securities, sovereign and corporate bonds, and other global income-producing investments.