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

Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.23 and traded as low as $11.09. Western Asset Mortgage Opportunity Fund shares last traded at $11.1510, with a volume of 27,954 shares.

Western Asset Mortgage Opportunity Fund Price Performance

The business’s 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $11.23.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.9%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Western Asset Mortgage Opportunity Fund by 4.0% in the 4th quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock valued at $4,327,000 after purchasing an additional 14,948 shares in the last quarter. LPL Financial LLC grew its position in shares of Western Asset Mortgage Opportunity Fund by 13.7% during the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after buying an additional 30,402 shares in the last quarter. Envestnet Asset Management Inc. grew 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 worth $2,843,000 after buying an additional 12,090 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Western Asset Mortgage Opportunity Fund by 8.6% in the second quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock worth $2,612,000 after buying an additional 17,374 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Western Asset Mortgage Opportunity Fund by 11.9% in the third quarter. Raymond James Financial Inc. now owns 87,941 shares of the investment management company’s stock worth $1,031,000 after buying an additional 9,350 shares during the last quarter.

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.