Guggenheim Capital LLC Lowers Holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Posted by on Mar 5th, 2023

Guggenheim Capital LLC trimmed its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) by 16.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 162,494 shares of the investment management company’s stock after selling 30,911 shares during the period. Guggenheim Capital LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $1,805,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DMO. Raymond James & Associates lifted its stake in Western Asset Mortgage Opportunity Fund by 5.2% during the third quarter. Raymond James & Associates now owns 34,582 shares of the investment management company’s stock worth $384,000 after purchasing an additional 1,709 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Western Asset Mortgage Opportunity Fund by 24.5% during the second quarter. Moors & Cabot Inc. now owns 12,700 shares of the investment management company’s stock worth $148,000 after purchasing an additional 2,500 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Western Asset Mortgage Opportunity Fund by 2.7% during the first quarter. NewEdge Advisors LLC now owns 93,888 shares of the investment management company’s stock worth $1,255,000 after purchasing an additional 2,503 shares in the last quarter. MML Investors Services LLC lifted its stake in Western Asset Mortgage Opportunity Fund by 2.5% during the third quarter. MML Investors Services LLC now owns 105,529 shares of the investment management company’s stock worth $1,172,000 after purchasing an additional 2,529 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its stake in Western Asset Mortgage Opportunity Fund by 2.4% during the third quarter. Riverbridge Partners LLC now owns 111,796 shares of the investment management company’s stock worth $1,242,000 after purchasing an additional 2,654 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

NYSE:DMO opened at $11.11 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a 52 week low of $10.45 and a 52 week high of $14.18. The stock’s fifty day moving average is $11.11 and its two-hundred day moving average is $11.19.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 24th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.80%. The ex-dividend date is Thursday, March 23rd.

Western Asset Mortgage Opportunity Fund Profile

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Western Asset Mortgage 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 Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.

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Institutional Ownership by Quarter for Western Asset Mortgage Opportunity Fund (NYSE:DMO)

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