Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.30 and traded as high as $11.50. Western Asset Global Corporate Defined Opportunity Fund shares last traded at $11.47, with a volume of 54,051 shares trading hands.

Western Asset Global Corporate Defined Opportunity Fund Stock Up 1.0 %

The business has a 50 day moving average price of $11.30 and a 200-day moving average price of $12.00.

Western Asset Global Corporate Defined Opportunity Fund Increases Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were paid a $0.122 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 12.93%. This is a positive change from Western Asset Global Corporate Defined Opportunity Fund’s previous dividend of $0.10.

Institutional Investors Weigh In On Western Asset Global Corporate Defined Opportunity Fund

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock valued at $2,767,000 after buying an additional 198,288 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund during the 2nd quarter valued at approximately $250,000. Fiera Capital Corp grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 4.0% during the 3rd quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock valued at $778,000 after purchasing an additional 2,322 shares in the last quarter. Jane Street Group LLC grew its stake in Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the 3rd quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock valued at $6,447,000 after purchasing an additional 171,815 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Western Asset Global Corporate Defined Opportunity Fund during the 4th quarter valued at approximately $933,000.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

Western Asset Global Corporate Defined 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 by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.