Northwestern Mutual Wealth Management Co. Decreases Stock Holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,096 shares of the investment management company’s stock after selling 900 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Western Asset Mortgage Opportunity Fund were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DMO. Integrated Capital Management Inc. lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 9.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 1,381 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 8.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 1,626 shares during the last quarter. Choreo LLC bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter valued at approximately $357,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Western Asset Mortgage Opportunity Fund in the 1st quarter worth approximately $423,000.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE:DMO opened at $12.25 on Friday. The stock’s fifty day moving average is $12.07 and its 200 day moving average is $11.89. 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 announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be paid a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 12.73%. The ex-dividend date of this dividend is Thursday, October 24th.

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.