Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.96 and traded as high as $12.00. Western Asset Mortgage Opportunity Fund shares last traded at $11.98, with a volume of 45,328 shares trading hands.

Western Asset Mortgage Opportunity Fund Stock Up 0.4 %

The stock’s fifty day simple moving average is $11.76 and its 200 day simple moving average is $11.96.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.03%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC acquired a new position in Western Asset Mortgage Opportunity Fund during the third quarter worth about $244,000. MML Investors Services LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after purchasing an additional 1,403 shares in the last quarter. Integrated Capital Management Inc. grew its holdings in 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 valued at $194,000 after purchasing an additional 919 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in 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 valued at $390,000 after purchasing an additional 5,859 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in 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 acquiring an additional 6,822 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

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.