Shaker Financial Services LLC Boosts Stock Holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. $GDO

Shaker Financial Services LLC grew its position in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 181.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,936 shares of the company’s stock after purchasing an additional 61,145 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $1,121,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GDO. Advisory Services Network LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the third quarter worth about $37,000. Susquehanna International Group LLP acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the 3rd quarter valued at approximately $177,000. Ameriprise Financial Inc. lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 136,424 shares of the company’s stock valued at $1,621,000 after acquiring an additional 17,217 shares during the period. UBS Group AG lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1.7% during the 3rd quarter. UBS Group AG now owns 61,403 shares of the company’s stock valued at $729,000 after acquiring an additional 1,044 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 21.5% during the 3rd quarter. Fiera Capital Corp now owns 73,423 shares of the company’s stock valued at $872,000 after acquiring an additional 12,969 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

Shares of Western Asset Global Corporate Defined Opportunity Fund stock opened at $11.34 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 1 year low of $10.52 and a 1 year high of $12.15. The business has a 50 day moving average price of $11.13 and a 200 day moving average price of $11.51.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.122 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

The Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues a broadly diversified portfolio of corporate debt instruments, investing across investment-grade and below investment-grade securities issued by corporations worldwide. Through an actively managed strategy, GDO aims to capture opportunities arising from market dislocations, credit spreads and interest rate movements.

GDO’s investment approach is built around a global credit platform, allowing the fund to allocate capital across various sectors, regions and credit-quality levels.