Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 0.6% – What’s Next?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s stock price traded down 0.6% during trading on Thursday . The stock traded as low as $7.63 and last traded at $7.6550. Approximately 34,281 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 82,975 shares. The stock had previously closed at $7.70.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.95.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.5%.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock valued at $206,000 after buying an additional 1,298 shares during the period. Private Advisor Group LLC boosted its position in Legg Mason BW Global Income Opportunities Fund by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 145,931 shares of the company’s stock worth $1,267,000 after buying an additional 2,631 shares during the period. Geneos Wealth Management Inc. boosted its position in Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after buying an additional 3,169 shares during the period. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 3,397 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Legg Mason BW Global Income Opportunities Fund by 21.4% during the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock worth $163,000 after acquiring an additional 3,442 shares during the last quarter.

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.