Choreo LLC Increases Stock Position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Choreo LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,895 shares of the investment management company’s stock after buying an additional 7,127 shares during the quarter. Choreo LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $365,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the third quarter worth about $244,000. Park Avenue Securities LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 9.1% in the fourth quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock valued at $963,000 after acquiring an additional 6,822 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 21.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock valued at $390,000 after acquiring an additional 5,859 shares in the last quarter. MML Investors Services LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in Western Asset Mortgage Opportunity Fund by 11.7% during the fourth quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock worth $152,000 after purchasing an additional 1,350 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Price Performance

DMO stock opened at $11.80 on Thursday. Western Asset Mortgage Opportunity Fund Inc. has a twelve month low of $11.16 and a twelve month high of $12.34. The company’s 50 day moving average is $11.80 and its two-hundred day moving average is $11.98.

Western Asset Mortgage Opportunity Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were given a dividend of $0.13 per share. The ex-dividend date was Friday, January 24th. This is a positive change from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12. This represents a dividend yield of 13.3%.

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.