Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) Stock Price Down 0.4% – Here’s What Happened

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) shares fell 0.4% on Thursday . The stock traded as low as $11.61 and last traded at $11.64. 21,236 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 31,952 shares. The stock had previously closed at $11.69.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

The stock’s 50 day moving average is $11.70 and its 200-day moving average is $11.75.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.122 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter valued at approximately $37,000. Susquehanna International Group LLP purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund during the 3rd quarter valued at $177,000. Ameriprise Financial Inc. lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock worth $1,621,000 after buying an additional 17,217 shares during the last quarter. UBS Group AG lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 1.7% in the third quarter. UBS Group AG now owns 61,403 shares of the company’s stock worth $729,000 after buying an additional 1,044 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Western Asset Global Corporate Defined Opportunity Fund by 21.5% during the third quarter. Fiera Capital Corp now owns 73,423 shares of the company’s stock worth $872,000 after buying an additional 12,969 shares during the period.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate Defined 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 by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.