Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.61 and traded as low as $11.23. Western Asset Mortgage Opportunity Fund shares last traded at $11.2550, with a volume of 86,285 shares.

Western Asset Mortgage Opportunity Fund Stock Down 0.0%

The firm’s fifty day moving average is $11.11 and its 200 day moving average is $11.61.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in Western Asset Mortgage Opportunity Fund by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 230,453 shares of the investment management company’s stock worth $2,752,000 after buying an additional 8,793 shares during the period. Aviance Capital Partners LLC increased its position in Western Asset Mortgage Opportunity Fund by 17.9% during the second 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 period. Baird Financial Group Inc. increased its position in Western Asset Mortgage Opportunity Fund by 8.6% during the second quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after acquiring an additional 17,374 shares during the period. Raymond James Financial Inc. raised 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 valued at $1,031,000 after purchasing an additional 9,350 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings 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 period.

About Western Asset Mortgage Opportunity Fund

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.