Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Stock Holdings Boosted by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC raised its position in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,850 shares of the investment management company’s stock after buying an additional 1,350 shares during the period. Journey Strategic Wealth LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Capital Management Inc. boosted its stake in 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 purchasing an additional 919 shares in the last quarter. Walleye Capital LLC bought a new position in Western Asset Mortgage Opportunity Fund during the 3rd quarter valued at $244,000. SeaCrest Wealth Management LLC boosted its stake 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 valued at $325,000 after purchasing an additional 4,706 shares in the last quarter. Park Avenue Securities LLC boosted its stake in 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 valued at $963,000 after purchasing an additional 6,822 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake 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 valued at $1,358,000 after purchasing an additional 1,403 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Price Performance

DMO opened at $11.69 on Tuesday. The business has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $12.00. Western Asset Mortgage Opportunity Fund Inc. has a fifty-two week low of $11.16 and a fifty-two week high of $12.34.

Western Asset Mortgage Opportunity Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 24th. 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%.

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.