Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 0.1% – Should You Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s stock price traded down 0.1% during trading on Thursday. The stock traded as low as $6.76 and last traded at $6.9550. Approximately 129,210 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 86,035 shares. The stock had previously closed at $6.96.

Legg Mason BW Global Income Opportunities Fund Stock Down 0.1%

The stock has a fifty day moving average of $7.47 and a 200 day moving average of $7.75.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.96 annualized dividend and a dividend yield of 13.8%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BWG. Rareview Capital LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 56.8% in the 2nd quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock worth $1,489,000 after acquiring an additional 64,914 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Legg Mason BW Global Income Opportunities Fund by 15.5% in the first quarter. Private Advisor Group LLC now owns 167,744 shares of the company’s stock worth $1,287,000 after purchasing an additional 22,493 shares during the period. Stephens Inc. AR increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 17.2% in the first quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock worth $1,216,000 after purchasing an additional 23,217 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% in the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after purchasing an additional 14,236 shares in the last quarter. Finally, Eclectic Associates Inc. ADV raised its position in shares of Legg Mason BW Global Income Opportunities Fund by 8.6% during the 2nd quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after purchasing an additional 3,511 shares during the period.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund, Inc is a closed-end investment company traded on the New York Stock Exchange under the symbol BWG. The fund seeks to provide investors with a high level of current income, along with the opportunity for capital appreciation, by investing primarily in fixed-income securities issued by governments, government-related entities and corporations around the world.

The fund’s portfolio may include investment-grade and below-investment-grade debt, emerging-market securities, sovereign and corporate bonds, and other global income-producing investments.