Consolidated Portfolio Review Corp Reduces Stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Consolidated Portfolio Review Corp lessened its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,424 shares of the investment management company’s stock after selling 14,091 shares during the period. Consolidated Portfolio Review Corp’s holdings in Western Asset Mortgage Opportunity Fund were worth $1,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of Western Asset Mortgage Opportunity Fund by 9.1% in the 4th quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock valued at $963,000 after buying an additional 6,822 shares during the period. Walleye Capital LLC acquired a new position in Western Asset Mortgage Opportunity Fund in the third quarter valued at approximately $244,000. SeaCrest Wealth Management LLC grew its position in Western Asset Mortgage Opportunity Fund by 21.0% in the third quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock worth $325,000 after acquiring an additional 4,706 shares during the period. MML Investors Services LLC raised its position in Western Asset Mortgage Opportunity Fund by 1.3% in the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after purchasing an additional 1,403 shares during the period. Finally, Journey Strategic Wealth LLC lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 11.7% in the 4th quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 1,350 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of DMO opened at $11.76 on Friday. The company’s 50-day moving average price is $11.82 and its 200 day moving average price is $11.99. Western Asset Mortgage Opportunity Fund Inc. has a 12-month low of $11.16 and a 12-month high of $12.34.

Western Asset Mortgage Opportunity Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Monday, January 27th were given a dividend of $0.13 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 13.3%. This is a boost from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

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.