Western Asset Mortgage Opportunity Fund (NYSE:DMO) Director Sells $15,498.00 in Stock
by Scott Moore · The Cerbat GemWestern Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Free Report) Director Carol Colman sold 1,400 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $11.07, for a total transaction of $15,498.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Western Asset Mortgage Opportunity Fund Stock Performance
Shares of DMO stock opened at $11.12 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a 1-year low of $10.42 and a 1-year high of $12.11. The firm’s 50-day simple moving average is $11.01 and its 200-day simple moving average is $11.33.
Western Asset Mortgage Opportunity Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Thursday, May 21st.
Institutional Trading of Western Asset Mortgage Opportunity Fund
Institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 351.9% during the 4th quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock worth $154,000 after purchasing an additional 10,822 shares during the period. Bank of America Corp DE grew its holdings in shares of 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 worth $185,000 after purchasing an additional 2,424 shares during the period. Marex Group plc purchased a new stake in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter worth about $189,000. Journey Strategic Wealth LLC grew its holdings in shares of 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 purchasing an additional 10,500 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 3.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,897 shares of the investment management company’s stock worth $397,000 after purchasing an additional 1,097 shares during the period.
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.