Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Up 0.3% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) shares shot up 0.3% on Thursday . The stock traded as high as $7.97 and last traded at $7.90. 43,015 shares were traded during trading, a decline of 52% from the average session volume of 90,335 shares. The stock had previously closed at $7.88.

Legg Mason BW Global Income Opportunities Fund Price Performance

The stock has a fifty day moving average of $7.94 and a 200-day moving average of $8.14.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.08 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after buying an additional 3,169 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 339.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock worth $37,000 after purchasing an additional 3,397 shares during the period. Global Retirement Partners LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $59,000. Integrity Advisory Solutions LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 4th quarter worth approximately $92,000. Finally, Cerity Partners LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at $105,000.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.