Raymond James Financial Inc. Buys Shares of 71,386 Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Raymond James Financial Inc. purchased a new position in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 71,386 shares of the investment management company’s stock, valued at approximately $842,000.

Other large investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund in the 3rd quarter worth approximately $244,000. Choreo LLC raised its stake in Western Asset Mortgage Opportunity Fund by 30.0% during the 4th quarter. Choreo LLC now owns 30,895 shares of the investment management company’s stock valued at $365,000 after purchasing an additional 7,127 shares during the period. Park Avenue Securities LLC lifted its stake in Western Asset Mortgage Opportunity Fund by 9.1% in 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. SeaCrest Wealth Management LLC boosted its holdings in shares of Western Asset Mortgage Opportunity Fund by 21.6% during the fourth 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, MML Investors Services LLC increased its stake in shares of Western Asset Mortgage Opportunity Fund by 1.3% in the third 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 last quarter.

Western Asset Mortgage Opportunity Fund Stock Down 3.7 %

Shares of DMO opened at $11.27 on Friday. The firm’s 50 day moving average price is $11.83 and its 200 day moving average price is $11.92. Western Asset Mortgage Opportunity Fund Inc. has a twelve month low of $11.16 and a twelve month high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 13.05%.

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.