Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.50 and traded as low as $8.34. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.3550, with a volume of 313,571 shares trading hands.

Western Asset Inflation-Linked Opportunities & Income Fund Stock Up 0.2%

The firm’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $8.49.

Western Asset Inflation-Linked Opportunities & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers increased its holdings in Western Asset Inflation-Linked Opportunities & Income Fund by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 57,614 shares of the investment management company’s stock worth $505,000 after buying an additional 2,804 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 0.8% during the 2nd quarter. Invesco Ltd. now owns 994,948 shares of the investment management company’s stock valued at $8,716,000 after acquiring an additional 7,860 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 26.4% in the second quarter. First Trust Advisors LP now owns 203,176 shares of the investment management company’s stock worth $1,780,000 after acquiring an additional 42,474 shares during the period. Walleye Capital LLC bought a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund in the second quarter worth approximately $126,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 15.5% during the second quarter. Raymond James Financial Inc. now owns 184,419 shares of the investment management company’s stock valued at $1,616,000 after purchasing an additional 24,749 shares during the last quarter.

Western Asset Inflation-Linked Opportunities & Income Fund Company Profile

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.