Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $8.05 and traded as high as $8.08. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.0550, with a volume of 890,670 shares changing hands.

Western Asset Inflation-Linked Opportunities & Income Fund Price Performance

The firm has a 50-day moving average price of $8.05 and a 200-day moving average price of $8.38.

Western Asset Inflation-Linked Opportunities & Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, November 20th. This represents a $0.75 annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund

A number of institutional investors have recently added to or reduced their stakes in WIW. Allspring Global Investments Holdings LLC lifted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,126,001 shares of the investment management company’s stock valued at $8,862,000 after buying an additional 50,733 shares during the period. StoneX Group Inc. purchased a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the 3rd quarter worth about $126,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the 3rd quarter worth about $224,000. Capital Investment Advisors LLC grew its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 24.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 14,154 shares of the investment management company’s stock worth $111,000 after buying an additional 2,760 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the 2nd quarter worth about $39,000.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset Inflation-Linked Opportunities & Income Fund, Inc (NYSE: WIW) is a closed-end investment fund managed by Western Asset Management Company, an affiliate of Franklin Templeton. The fund seeks to provide current income and preserve purchasing power by investing primarily in inflation-linked securities.

The fund’s portfolio may include U.S. Treasury inflation-protected securities (TIPS), securities issued by other governments and government-related entities, and corporate or other fixed-income investments with inflation-linked characteristics.