Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Stock Price Down 1% – Time to Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s share price fell 1% during trading on Thursday . The company traded as low as $7.77 and last traded at $7.7940. Approximately 94,964 shares were traded during trading, an increase of 8% from the average daily volume of 87,643 shares. The stock had previously closed at $7.87.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The stock’s 50 day simple moving average is $7.90 and its 200-day simple moving average is $8.08.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 12.5%.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

Several institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its stake in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Legg Mason BW Global Income Opportunities Fund by 339.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock worth $37,000 after purchasing an additional 3,397 shares during the period. Global Retirement Partners LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at about $59,000. Integrity Advisory Solutions LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund in the 4th quarter valued at about $92,000. Finally, Cerity Partners LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund in the 2nd quarter valued at about $105,000.

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.