Wolverine Asset Management LLC Invests $646,000 in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Wolverine Asset Management LLC purchased a new stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,023 shares of the company’s stock, valued at approximately $646,000.

Several other large investors have also added to or reduced their stakes in GDO. International Assets Investment Management LLC boosted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the third quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock valued at $2,767,000 after acquiring an additional 198,288 shares in the last quarter. Fiera Capital Corp boosted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 4.0% in the third quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock valued at $778,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Western Asset Global Corporate Defined Opportunity Fund by 52.2% in the third quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock valued at $6,447,000 after acquiring an additional 171,815 shares in the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 1.3 %

NYSE:GDO opened at $11.35 on Friday. The firm’s fifty day simple moving average is $11.27 and its 200 day simple moving average is $11.95. Western Asset Global Corporate Defined Opportunity Fund Inc. has a twelve month low of $10.92 and a twelve month high of $13.01.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a $0.122 dividend. This represents a $1.46 annualized dividend and a dividend yield of 12.90%. The ex-dividend date is Monday, March 24th.

Western Asset Global Corporate Defined Opportunity Fund Profile

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.