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

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.87 and traded as low as $11.16. Western Asset Mortgage Opportunity Fund shares last traded at $11.25, with a volume of 109,333 shares changing hands.

Western Asset Mortgage Opportunity Fund Price Performance

The firm has a 50-day simple moving average of $11.72 and a 200-day simple moving average of $11.87.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. This represents a dividend yield of 13.05%. The ex-dividend date was Monday, March 24th.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 6.1% in the first quarter. SeaCrest Wealth Management LLC now owns 35,053 shares of the investment management company’s stock worth $414,000 after purchasing an additional 2,030 shares during the period. Baird Financial Group Inc. grew its position in shares of Western Asset Mortgage Opportunity Fund by 86.0% during the fourth quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock worth $2,271,000 after purchasing an additional 89,030 shares in the last quarter. Comerica Bank raised its stake in Western Asset Mortgage Opportunity Fund by 2,631.8% during the 4th quarter. Comerica Bank now owns 9,015 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 8,685 shares during the period. Guggenheim Capital LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 228,165 shares of the investment management company’s stock worth $2,692,000 after purchasing an additional 27,035 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Western Asset Mortgage Opportunity Fund in the 4th quarter worth approximately $842,000.

About Western Asset Mortgage Opportunity Fund

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.