Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.94 and traded as low as $11.83. Western Asset Mortgage Opportunity Fund shares last traded at $11.89, with a volume of 57,198 shares.

Western Asset Mortgage Opportunity Fund Price Performance

The business’s 50 day moving average is $11.78 and its 200 day moving average is $11.94.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 13.12%. The ex-dividend date is Monday, March 24th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently modified their holdings of the stock. Walleye Capital LLC bought a new position in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter valued at $244,000. MML Investors Services LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after acquiring an additional 1,403 shares during the period. Integrated Capital Management Inc. increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 5.9% during the 4th quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock worth $194,000 after purchasing an additional 919 shares during the period. SeaCrest Wealth Management LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 21.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock worth $390,000 after purchasing an additional 5,859 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 9.1% during the 4th quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock worth $963,000 after purchasing an additional 6,822 shares during the period.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.