Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 0.1% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was down 0.1% during mid-day trading on Thursday . The company traded as low as $8.48 and last traded at $8.5150. Approximately 54,153 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 117,523 shares. The stock had previously closed at $8.52.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.2%

The business’s 50-day moving average price is $8.48 and its 200-day moving average price is $8.53.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.3%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after purchasing an additional 3,169 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth $59,000. Cerity Partners LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth $105,000. XTX Topco Ltd purchased a new position in Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at $111,000. Finally, Osaic Holdings Inc. increased its stake in Legg Mason BW Global Income Opportunities Fund by 21.4% in the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock valued at $163,000 after buying an additional 3,442 shares during the period.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.