Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Up 0.3% – Here’s Why

Shares of Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) were up 0.3% on Thursday . The stock traded as high as $7.97 and last traded at $7.90. 43,015 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 90,335 shares. The stock had previously closed at $7.88.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The stock’s 50-day moving average is $7.94 and its two-hundred day moving average is $8.14.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

A number of institutional investors have recently bought and sold shares of the stock. Van Diest Capital LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the first quarter valued at approximately $129,000. Stephens Inc. AR lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 17.2% during the first quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock worth $1,216,000 after buying an additional 23,217 shares during the period. Rareview Capital LLC lifted its holdings in Legg Mason BW Global Income Opportunities Fund by 104.6% during the first quarter. Rareview Capital LLC now owns 114,312 shares of the company’s stock worth $950,000 after buying an additional 58,436 shares during the period. Private Advisor Group LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 15.5% during the 1st quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock valued at $1,287,000 after acquiring an additional 22,493 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 339.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after acquiring an additional 3,397 shares in the last quarter.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.