Western Asset Mortgage Opportunity Fund (NYSE:DMO) Director Carol Colman Sells 1,400 Shares

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Director Carol Colman sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $11.07, for a total transaction of $15,498.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO opened at $11.15 on Wednesday. The company’s 50 day simple moving average is $11.01 and its 200-day simple moving average is $11.33. Western Asset Mortgage Opportunity Fund Inc. has a 12-month low of $10.42 and a 12-month high of $12.11.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%.

Hedge Funds Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 4.0% during the fourth quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock worth $4,327,000 after purchasing an additional 14,948 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 shares during the period. Marex Group plc acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the fourth quarter worth $189,000. LPL Financial LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 13.7% during the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after purchasing an additional 30,402 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.8% during the fourth quarter. Aviance Capital Partners LLC now owns 40,548 shares of the investment management company’s stock worth $448,000 after purchasing an additional 1,489 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.