Western Asset Mortgage Opportunity Fund (NYSE:DMO) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.64 and traded as low as $11.04. Western Asset Mortgage Opportunity Fund shares last traded at $11.0850, with a volume of 63,285 shares.

Western Asset Mortgage Opportunity Fund Price Performance

The company’s fifty day simple moving average is $11.16 and its 200 day simple moving average is $11.64.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

A number of institutional investors have recently made changes to their positions in DMO. Noble Wealth Management PBC grew its position in shares of Western Asset Mortgage Opportunity Fund by 351.9% in the fourth quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 10,822 shares during the last quarter. Bank of America Corp DE boosted its stake in Western Asset Mortgage Opportunity Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock valued at $185,000 after purchasing an additional 2,424 shares during the period. Integrated Capital Management Inc. grew its holdings in Western Asset Mortgage Opportunity Fund by 5.5% in the 2nd quarter. Integrated Capital Management Inc. now owns 17,244 shares of the investment management company’s stock valued at $206,000 after buying an additional 905 shares in the last quarter. Journey Strategic Wealth LLC increased its position in Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock worth $280,000 after buying an additional 10,500 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 17.9% during the second quarter. Aviance Capital Partners LLC now owns 38,143 shares of the investment management company’s stock worth $455,000 after buying an additional 5,800 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.