Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.87 and traded as low as $11.16. Western Asset Mortgage Opportunity Fund shares last traded at $11.25, with a volume of 109,333 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Up 1.0 %

The stock’s 50 day moving average is $11.72 and its 200-day moving average is $11.87.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a dividend yield of 13.05%. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 228,165 shares of the investment management company’s stock worth $2,692,000 after acquiring an additional 27,035 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 205,413 shares of the investment management company’s stock valued at $2,424,000 after purchasing an additional 4,573 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Western Asset Mortgage Opportunity Fund by 86.0% in the 4th quarter. Baird Financial Group Inc. now owns 192,494 shares of the investment management company’s stock worth $2,271,000 after purchasing an additional 89,030 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Western Asset Mortgage Opportunity Fund by 9.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 134,792 shares of the investment management company’s stock worth $1,591,000 after acquiring an additional 11,323 shares during the last quarter. Finally, MML Investors Services LLC grew its position 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 during the last quarter.

Western Asset Mortgage Opportunity Fund Company 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.