Northwestern Mutual Wealth Management Co. grew its holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO – Get Rating) by 45.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,292 shares of the investment management company’s stock after acquiring an additional 19,774 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Western Asset Mortgage Opportunity Fund were worth $845,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in shares of Western Asset Mortgage Opportunity Fund by 13.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 500,257 shares of the investment management company’s stock worth $7,609,000 after acquiring an additional 57,820 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 46.4% during the fourth quarter. Guggenheim Capital LLC now owns 232,235 shares of the investment management company’s stock worth $3,532,000 after buying an additional 73,573 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 124,666 shares of the investment management company’s stock worth $1,667,000 after buying an additional 8,593 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 4.2% during the first quarter. Park Avenue Securities LLC now owns 80,489 shares of the investment management company’s stock worth $1,076,000 after buying an additional 3,211 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 2.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 44,307 shares of the investment management company’s stock worth $674,000 after buying an additional 969 shares in the last quarter.
Western Asset Mortgage Opportunity Fund Trading Down 0.3 %
NYSE:DMO opened at $12.58 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a 52-week low of $11.28 and a 52-week high of $16.29. The stock has a 50-day simple moving average of $11.97 and a 200 day simple moving average of $12.71.
Western Asset Mortgage Opportunity Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.54%.
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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Northwestern Mutual Wealth Management Co. Acquires 19,774 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) & Latest News Update
Northwestern Mutual Wealth Management Co. Acquires 19,774 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) & More Live News
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Northwestern Mutual Wealth Management Co. Acquires 19,774 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) & More News Today
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