Riverbridge Partners LLC Sells 44,252 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Riverbridge Partners LLC reduced its position in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,041 shares of the investment management company’s stock after selling 44,252 shares during the quarter. Riverbridge Partners LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew 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 worth $963,000 after buying an additional 6,822 shares during the period. Walleye Capital LLC bought a new position in Western Asset Mortgage Opportunity Fund in the third quarter valued at approximately $244,000. SeaCrest Wealth Management LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 21.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock worth $325,000 after acquiring an additional 4,706 shares during the period. MML Investors Services LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after acquiring an additional 1,403 shares during the period. Finally, Integrated Capital Management Inc. raised its position in shares of Western Asset Mortgage Opportunity Fund by 5.9% during the 4th quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 919 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE:DMO opened at $11.74 on Friday. The stock’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $12.02. Western Asset Mortgage Opportunity Fund Inc. has a 12-month low of $11.14 and a 12-month high of $12.34.

Western Asset Mortgage Opportunity Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be given a dividend of $0.13 per share. This is a positive change from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12. This represents a dividend yield of 13.3%. The ex-dividend date is Friday, January 24th.

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.