Guggenheim Capital LLC Has $1.77 Million Position in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Posted by on Mar 5th, 2023

Guggenheim Capital LLC reduced its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Rating) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,406 shares of the company’s stock after selling 15,447 shares during the period. Guggenheim Capital LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $1,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the third quarter valued at $404,000. Kestra Advisory Services LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 4.6% in the third quarter. Kestra Advisory Services LLC now owns 23,025 shares of the company’s stock valued at $257,000 after acquiring an additional 1,011 shares in the last quarter. Shufro Rose & Co. LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 4.7% in the third quarter. Shufro Rose & Co. LLC now owns 67,300 shares of the company’s stock valued at $750,000 after acquiring an additional 3,000 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 12.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 32,410 shares of the company’s stock valued at $361,000 after acquiring an additional 3,599 shares in the last quarter. Finally, Capital Wealth Alliance LLC acquired a new position in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter valued at about $887,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Performance

GDO stock opened at $12.62 on Friday. The company’s 50-day simple moving average is $13.14 and its 200 day simple moving average is $12.73. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 52 week low of $11.15 and a 52 week high of $15.88.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 24th will be paid a $0.101 dividend. The ex-dividend date is Thursday, March 23rd. This represents a $1.21 annualized dividend and a dividend yield of 9.60%.

About Western Asset Global Corporate Defined Opportunity Fund

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Western Asset Global Corporate Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.

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Institutional Ownership by Quarter for Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO)

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