Thomas J. Herzfeld Advisors Inc. Increases Stock Holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 134,792 shares of the investment management company’s stock after acquiring an additional 11,323 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $1,591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DMO. Walleye Capital LLC purchased a new stake in shares of Western Asset Mortgage Opportunity Fund in the third quarter valued at about $244,000. MML Investors Services LLC grew its position in Western Asset Mortgage Opportunity Fund by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after purchasing an additional 1,403 shares in the last quarter. Integrated Capital Management Inc. increased its stake in Western Asset Mortgage Opportunity Fund by 5.9% in the 4th quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after buying an additional 919 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 21.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock worth $390,000 after buying an additional 5,859 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 9.1% in the 4th quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock worth $963,000 after buying an additional 6,822 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Stock Up 0.3 %

Shares of DMO opened at $11.83 on Tuesday. The stock has a 50 day moving average of $11.83 and a 200 day moving average of $11.93. Western Asset Mortgage Opportunity Fund Inc. has a 12 month low of $11.16 and a 12 month high of $12.34.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 13.05%.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.