Aviance Capital Partners LLC Reduces Position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Aviance Capital Partners LLC cut its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,617 shares of the investment management company’s stock after selling 2,274 shares during the quarter. Aviance Capital Partners LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Western Asset Mortgage Opportunity Fund by 13.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,502 shares of the investment management company’s stock valued at $166,000 after acquiring an additional 1,786 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of Western Asset Mortgage Opportunity Fund in the third quarter valued at $1,098,000. Moors & Cabot Inc. increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 14.4% in the 3rd quarter. Moors & Cabot Inc. now owns 67,600 shares of the investment management company’s stock worth $724,000 after buying an additional 8,500 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Western Asset Mortgage Opportunity Fund in the 3rd quarter valued at approximately $112,000. Finally, Consolidated Portfolio Review Corp lifted its position in Western Asset Mortgage Opportunity Fund by 0.9% in the third quarter. Consolidated Portfolio Review Corp now owns 234,024 shares of the investment management company’s stock worth $2,506,000 after buying an additional 1,995 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Stock Up 0.5 %

Shares of NYSE:DMO traded up $0.05 during trading hours on Tuesday, hitting $11.58. 46,830 shares of the company’s stock traded hands, compared to its average volume of 51,932. Western Asset Mortgage Opportunity Fund Inc. has a 1 year low of $10.00 and a 1 year high of $11.93. The business has a fifty day moving average price of $11.55 and a 200-day moving average price of $11.17.

Western Asset Mortgage Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 12.96%. The ex-dividend date is Wednesday, May 22nd.

About Western Asset Mortgage Opportunity Fund

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.