Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC reduced its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 35.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,320 shares of the investment management company’s stock after selling 5,563 shares during the quarter. Advisory Services Network LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DMO. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter worth approximately $2,019,000. Sit Investment Associates Inc. raised its position in shares of Western Asset Mortgage Opportunity Fund by 15.0% during the 2nd quarter. Sit Investment Associates Inc. now owns 465,944 shares of the investment management company’s stock worth $7,264,000 after purchasing an additional 60,878 shares during the last quarter. Morgan Stanley raised its position in shares of Western Asset Mortgage Opportunity Fund by 39.1% during the 1st quarter. Morgan Stanley now owns 170,111 shares of the investment management company’s stock worth $2,177,000 after purchasing an additional 47,833 shares during the last quarter. Transcend Wealth Collective LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter worth approximately $236,000. Finally, Integrated Capital Management Inc. acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 2nd quarter worth approximately $167,000.

Shares of DMO opened at $15.40 on Friday. The stock has a fifty day moving average of $15.60 and a two-hundred day moving average of $15.75. Western Asset Mortgage Opportunity Fund Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $16.29.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Friday, February 18th will be issued a $0.1125 dividend. The ex-dividend date is Thursday, February 17th. This represents a $1.35 annualized dividend and a yield of 8.77%.

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.

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Institutional Ownership by Quarter for Western Asset Mortgage Opportunity Fund (NYSE:DMO)

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