Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 0.3% – Here’s Why

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s stock price was down 0.3% during mid-day trading on Monday . The company traded as low as $8.25 and last traded at $8.2850. Approximately 81,195 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 102,509 shares. The stock had previously closed at $8.31.

Legg Mason BW Global Income Opportunities Fund Price Performance

The business’s 50 day moving average is $8.04 and its 200-day moving average is $8.33.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business 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 dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BWG. Royal Bank of Canada grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 87,667 shares of the company’s stock worth $732,000 after buying an additional 5,728 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth $111,000. Invesco Ltd. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 14.5% during the second quarter. Invesco Ltd. now owns 139,368 shares of the company’s stock worth $1,158,000 after buying an additional 17,698 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth $105,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after buying an additional 1,298 shares during the last quarter.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.