Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading 0.3% Higher – Here’s Why

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s stock price rose 0.3% on Thursday . The company traded as high as $7.97 and last traded at $7.90. Approximately 43,015 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 90,335 shares. The stock had previously closed at $7.88.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The firm’s 50 day moving average is $7.94 and its 200 day moving average is $8.14.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 7.0% in the first quarter. Royal Bank of Canada now owns 87,667 shares of the company’s stock worth $732,000 after acquiring an additional 5,728 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter valued at about $111,000. Invesco Ltd. increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 14.5% during the second quarter. Invesco Ltd. now owns 139,368 shares of the company’s stock valued at $1,158,000 after acquiring an additional 17,698 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at approximately $105,000. Finally, Ameriprise Financial Inc. raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after purchasing an additional 1,298 shares during 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.