MML Investors Services LLC cut its position in shares of Western Asset Mrtg Defined Oppn Fund Inc (NYSE:DMO) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,762 shares of the investment management company’s stock after selling 237 shares during the quarter. MML Investors Services LLC’s holdings in Western Asset Mrtg Defined Oppn Fund were worth $3,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in shares of Western Asset Mrtg Defined Oppn Fund by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 14,849 shares of the investment management company’s stock valued at $392,000 after purchasing an additional 109 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Western Asset Mrtg Defined Oppn Fund by 0.5% during the second quarter. Wells Fargo & Company MN now owns 17,378 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 89 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Western Asset Mrtg Defined Oppn Fund by 5.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 75,564 shares of the investment management company’s stock valued at $1,994,000 after purchasing an additional 3,689 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Western Asset Mrtg Defined Oppn Fund by 1.2% during the second quarter. Global X Management Co. LLC now owns 11,806 shares of the investment management company’s stock valued at $310,000 after purchasing an additional 144 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Western Asset Mrtg Defined Oppn Fund by 51.7% during the second quarter. IFP Advisors Inc now owns 17,214 shares of the investment management company’s stock valued at $454,000 after purchasing an additional 5,870 shares in the last quarter.

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Western Asset Mrtg Defined Oppn Fund Inc (NYSE DMO) remained flat at $25.39 during midday trading on Friday. 6,231 shares of the company traded hands. Western Asset Mrtg Defined Oppn Fund Inc has a 52-week low of $20.95 and a 52-week high of $27.29. The firm has a 50 day moving average price of $25.98 and a 200 day moving average price of $25.43.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 20th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.70 annualized dividend and a yield of 10.63%.

About Western Asset Mrtg Defined Oppn Fund

Western Asset Mortgage Defined Opportunity Fund Inc (the Fund) is a non-diversified, limited-term, closed-end management investment company. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund intends to seek capital appreciation. The Fund invests in a portfolio of mortgage-backed securities, consisting of non-agency residential mortgage-backed securities and commercial mortgage-backed securities.

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Institutional Ownership by Quarter for Western Asset Mrtg Defined Oppn Fund (NYSE:DMO)

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