Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.81 and traded as low as $11.62. Western Asset Global Corporate Defined Opportunity Fund shares last traded at $11.6950, with a volume of 11,076 shares traded.

Western Asset Global Corporate Defined Opportunity Fund Trading Up 0.2%

The stock’s fifty day moving average price is $11.81 and its 200-day moving average price is $11.72.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in Western Asset Global Corporate Defined Opportunity Fund during the third quarter valued at $37,000. Landscape Capital Management L.L.C. purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 1st quarter valued at about $143,000. Susquehanna International Group LLP purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 3rd quarter valued at about $177,000. Royal Bank of Canada increased its holdings in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.1% in the 1st quarter. Royal Bank of Canada now owns 28,370 shares of the company’s stock valued at $329,000 after purchasing an additional 9,957 shares during the period. Finally, Shaker Financial Services LLC lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 2.8% in the third quarter. Shaker Financial Services LLC now owns 33,791 shares of the company’s stock worth $407,000 after purchasing an additional 918 shares in the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Company 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.