Baird Financial Group Inc. Buys 89,030 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Baird Financial Group Inc. boosted its stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 86.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,494 shares of the investment management company’s stock after purchasing an additional 89,030 shares during the quarter. Baird Financial Group Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $2,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its stake 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 during the period. Envestnet Asset Management Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 205,413 shares of the investment management company’s stock valued at $2,424,000 after acquiring an additional 4,573 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 9.2% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,792 shares of the investment management company’s stock valued at $1,591,000 after acquiring an additional 11,323 shares during the last quarter. LPL Financial LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 6.8% during the 4th quarter. LPL Financial LLC now owns 88,230 shares of the investment management company’s stock valued at $1,041,000 after acquiring an additional 5,627 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 9.1% during the 4th quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock valued at $963,000 after acquiring an additional 6,822 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Trading Up 0.3%

Shares of DMO opened at $11.64 on Monday. The stock has a 50-day moving average price of $11.61 and a 200-day moving average price of $11.79. Western Asset Mortgage Opportunity Fund Inc. has a 12-month low of $10.81 and a 12-month high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 13.05%.

Western Asset Mortgage Opportunity Fund 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.