Park Avenue Securities LLC Raises Stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Park Avenue Securities LLC raised its position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,582 shares of the investment management company’s stock after acquiring an additional 6,822 shares during the quarter. Park Avenue Securities LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $963,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DMO. Walleye Capital LLC purchased a new position in Western Asset Mortgage Opportunity Fund in the third quarter worth approximately $244,000. SeaCrest Wealth Management LLC lifted its stake 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 worth $390,000 after acquiring an additional 5,859 shares during the last quarter. MML Investors Services LLC lifted its stake in 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. Finally, Integrated Capital Management Inc. lifted its stake in Western Asset Mortgage Opportunity Fund by 5.9% in the fourth quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock worth $194,000 after acquiring an additional 919 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Trading Up 0.1 %

Shares of Western Asset Mortgage Opportunity Fund stock opened at $11.67 on Tuesday. Western Asset Mortgage Opportunity Fund Inc. has a 52-week low of $10.88 and a 52-week high of $12.34. The company has a 50 day moving average of $11.89 and a 200 day moving average of $12.03.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, January 24th. This represents a $1.56 annualized dividend and a yield of 13.37%.

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.