Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.84 and traded as low as $11.25. Western Asset Mortgage Opportunity Fund shares last traded at $11.2950, with a volume of 100,618 shares.

Western Asset Mortgage Opportunity Fund Price Performance

The stock’s fifty day moving average is $11.74 and its two-hundred day moving average is $11.84.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 12.8%.

Institutional Trading of Western Asset Mortgage Opportunity Fund

Large investors have recently bought and sold shares of the company. Baird Financial Group Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after purchasing an additional 17,374 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 5.2% during the third quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock valued at $2,843,000 after buying an additional 12,090 shares during the period. Journey Strategic Wealth LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 78.7% in the third 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 in the last quarter. Royal Bank of Canada lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 388,487 shares of the investment management company’s stock worth $4,592,000 after buying an additional 10,116 shares in the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Western Asset Mortgage Opportunity Fund by 5.7% in the second quarter. Consolidated Portfolio Review Corp now owns 183,114 shares of the investment management company’s stock valued at $2,186,000 after acquiring an additional 9,916 shares during the period.

Western Asset Mortgage Opportunity Fund Company Profile

(Get Free Report)

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.

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