Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.81 and traded as low as $10.10. Western Asset Mortgage Opportunity Fund shares last traded at $10.20, with a volume of 97,815 shares trading hands.

Western Asset Mortgage Opportunity Fund Price Performance

The business has a fifty day moving average of $10.51 and a 200-day moving average of $10.81.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DMO. Royal Bank of Canada lifted its holdings in Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 401,952 shares of the investment management company’s stock worth $4,321,000 after purchasing an additional 10,721 shares during the period. Susquehanna International Group LLP grew its position in Western Asset Mortgage Opportunity Fund by 22.3% in the 2nd quarter. Susquehanna International Group LLP now owns 17,389 shares of the investment management company’s stock valued at $186,000 after buying an additional 3,169 shares in the last quarter. HighTower Advisors LLC acquired a new position in Western Asset Mortgage Opportunity Fund during the 2nd quarter valued at about $307,000. Bank of America Corp DE increased its stake in Western Asset Mortgage Opportunity Fund by 18.6% during 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 buying an additional 2,424 shares during the period. Finally, Marex Group plc bought a new stake in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter worth about $189,000.

Western Asset Mortgage Opportunity Fund Company Profile

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.