Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 1% – Here’s Why

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) traded down 1% on Thursday . The company traded as low as $7.77 and last traded at $7.7940. 94,964 shares changed hands during trading, an increase of 8% from the average session volume of 87,643 shares. The stock had previously closed at $7.87.

Legg Mason BW Global Income Opportunities Fund Stock Down 1.0%

The business has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $8.08.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pathstone Holdings LLC boosted its holdings in Legg Mason BW Global Income Opportunities Fund by 48.0% in the 3rd quarter. Pathstone Holdings LLC now owns 1,318,834 shares of the company’s stock valued at $11,447,000 after purchasing an additional 427,597 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 46.3% during the 4th quarter. Advisors Asset Management Inc. now owns 447,140 shares of the company’s stock worth $3,743,000 after buying an additional 141,580 shares during the last quarter. Bank of America Corp DE raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 12.6% during the 2nd quarter. Bank of America Corp DE now owns 426,179 shares of the company’s stock valued at $3,542,000 after buying an additional 47,748 shares during the period. Invesco Ltd. raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 5.6% during the 4th quarter. Invesco Ltd. now owns 186,471 shares of the company’s stock valued at $1,561,000 after buying an additional 9,840 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 15.5% during the 1st quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock valued at $1,287,000 after buying an additional 22,493 shares during the period.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.