Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 61.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,100 shares of the investment management company’s stock after selling 38,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DMO. Integrated Capital Management Inc. boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 9.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after buying an additional 1,381 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Western Asset Mortgage Opportunity Fund by 8.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock worth $249,000 after acquiring an additional 1,626 shares in the last quarter. Choreo LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter worth about $357,000. Robinson Capital Management LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter valued at about $423,000. Finally, Riverbridge Partners LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 2.4% during the first quarter. Riverbridge Partners LLC now owns 131,154 shares of the investment management company’s stock worth $1,536,000 after purchasing an additional 3,132 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Price Performance

Shares of Western Asset Mortgage Opportunity Fund stock opened at $12.07 on Friday. The business has a 50-day moving average price of $12.11 and a 200 day moving average price of $11.84. Western Asset Mortgage Opportunity Fund Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.93%.

Western Asset Mortgage Opportunity Fund 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.