Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Pass Below 200 Day Moving Average – Here’s Why

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.76 and traded as low as $10.05. Western Asset Mortgage Opportunity Fund shares last traded at $10.0650, with a volume of 24,468 shares traded.

Western Asset Mortgage Opportunity Fund Stock Down 0.6%

The company has a fifty day simple moving average of $10.44 and a 200-day simple moving average of $10.75.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 14.5%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Western Asset Mortgage Opportunity Fund by 6.1% in the 3rd quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 952 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after buying an additional 1,097 shares during the last quarter. Aviance Capital Partners LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 3.8% during the 4th quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock valued at $448,000 after buying an additional 1,489 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Western Asset Mortgage Opportunity Fund in the second quarter valued at approximately $32,000. Finally, Susquehanna International Group LLP lifted its holdings in 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 valued at $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, 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.