Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.65 and traded as low as $8.54. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.5450, with a volume of 111,673 shares traded.

Western Asset Inflation-Linked Opportunities & Income Fund Stock Up 0.3%

The stock’s 50 day simple moving average is $8.54 and its 200 day simple moving average is $8.65.

Western Asset Inflation-Linked Opportunities & Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.0625 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 8.8%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 3.0% during the 3rd quarter. Invesco Ltd. now owns 1,024,485 shares of the investment management company’s stock valued at $9,108,000 after buying an additional 29,537 shares in the last quarter. PenderFund Capital Management Ltd. grew its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 0.9% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,015,397 shares of the investment management company’s stock valued at $8,722,000 after buying an additional 8,700 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 10.7% during the fourth quarter. Private Advisor Group LLC now owns 974,328 shares of the investment management company’s stock valued at $8,369,000 after buying an additional 94,162 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 8.3% in the third quarter. Bank of America Corp DE now owns 772,270 shares of the investment management company’s stock worth $6,865,000 after buying an additional 59,211 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 1.4% in the 4th quarter. LPL Financial LLC now owns 738,455 shares of the investment management company’s stock valued at $6,343,000 after acquiring an additional 9,963 shares during the last quarter.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.