Legg Mason BW Global Income Opportunities Fund Inc. $BWG Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) by 25.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,306 shares of the company’s stock after selling 4,511 shares during the period. HighTower Advisors LLC’s holdings in Legg Mason BW Global Income Opportunities Fund were worth $111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BWG. AlphaCore Capital LLC acquired a new stake in Legg Mason BW Global Income Opportunities Fund in the 1st quarter worth about $259,000. Shaker Financial Services LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 10.4% in the 1st quarter. Shaker Financial Services LLC now owns 248,860 shares of the company’s stock worth $2,096,000 after buying an additional 23,473 shares during the last quarter. PFG Investments LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 152.4% in the 1st quarter. PFG Investments LLC now owns 29,900 shares of the company’s stock worth $250,000 after buying an additional 18,052 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Legg Mason BW Global Income Opportunities Fund in the 1st quarter worth about $114,000. Finally, Alexander Randolph Advisory Inc. boosted its stake in Legg Mason BW Global Income Opportunities Fund by 10.6% in the 1st quarter. Alexander Randolph Advisory Inc. now owns 128,200 shares of the company’s stock worth $1,070,000 after buying an additional 12,246 shares during the last quarter.

Legg Mason BW Global Income Opportunities Fund Price Performance

Shares of NYSE:BWG opened at $8.73 on Friday. The stock’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.27. Legg Mason BW Global Income Opportunities Fund Inc. has a 12-month low of $7.46 and a 12-month high of $8.95.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Friday, October 24th.

Legg Mason BW Global Income Opportunities Fund Profile

Legg Mason BW Global Income Opportunities 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 Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.