Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Cross Below 200 Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.81 and traded as low as $11.06. Western Asset Mortgage Opportunity Fund shares last traded at $11.0690, with a volume of 95,811 shares changing hands.

Western Asset Mortgage Opportunity Fund Price Performance

The stock’s 50 day simple moving average is $11.65 and its two-hundred day simple moving average is $11.81.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors 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) annualized dividend and a yield of 13.0%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Several hedge funds have recently made changes to their positions in DMO. Baird Financial Group Inc. lifted its position in shares of Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after buying an additional 17,374 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Western Asset Mortgage Opportunity Fund by 5.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock worth $2,843,000 after acquiring an additional 12,090 shares during the last quarter. Journey Strategic Wealth LLC raised its stake in Western Asset Mortgage Opportunity Fund by 78.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 10,500 shares during the period. Royal Bank of Canada lifted its holdings in Western Asset Mortgage Opportunity Fund by 2.7% during the first quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock valued at $4,592,000 after purchasing an additional 10,116 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in Western Asset Mortgage Opportunity Fund by 5.7% during the second quarter. Consolidated Portfolio Review Corp now owns 183,114 shares of the investment management company’s stock worth $2,186,000 after purchasing an additional 9,916 shares during the period.

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.