Shaker Financial Services LLC Has $393,000 Position in Western Asset Global Corporate Defined Opportunity Fund Inc. $GDO

Shaker Financial Services LLC lessened its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,873 shares of the company’s stock after selling 14,623 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Smith Asset Management Co. LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter valued at about $1,491,000. 1607 Capital Partners LLC lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 174.6% in the first quarter. 1607 Capital Partners LLC now owns 78,000 shares of the company’s stock valued at $903,000 after buying an additional 49,600 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 5.1% in the first quarter. Wolverine Asset Management LLC now owns 59,904 shares of the company’s stock valued at $694,000 after buying an additional 2,881 shares during the period. Royal Bank of Canada lifted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.1% in the first quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock valued at $329,000 after buying an additional 9,957 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the first quarter valued at about $143,000.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.8%

NYSE GDO opened at $11.56 on Tuesday. The firm has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $11.70. Western Asset Global Corporate Defined Opportunity Fund Inc. has a twelve month low of $10.29 and a twelve month high of $12.16.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 24th were paid a dividend of $0.122 per share. The ex-dividend date was Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Western Asset Global Corporate Defined Opportunity Fund Profile

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.