Western Asset Mortgage Opportunity Fund Inc. (DMO) To Go Ex-Dividend on June 23rd

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.12 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Mortgage Opportunity Fund Stock Up 0.1%

NYSE:DMO opened at $10.68 on Friday. Western Asset Mortgage Opportunity Fund has a twelve month low of $10.42 and a twelve month high of $12.11. The stock’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $11.04.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake 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 purchasing an additional 1,097 shares during the last quarter. Marex Group plc bought a new position in Western Asset Mortgage Opportunity Fund during the fourth quarter worth about $189,000. LPL Financial LLC increased its position in Western Asset Mortgage Opportunity Fund by 13.7% during the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after buying an additional 30,402 shares during the last quarter. Bank of America Corp DE increased its position in Western Asset Mortgage Opportunity Fund by 6.1% during the third quarter. Bank of America Corp DE now owns 16,442 shares of the investment management company’s stock worth $193,000 after buying an additional 952 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock valued at $1,031,000 after buying an additional 9,350 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.