Choreo LLC Increases Stock Position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Choreo LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,895 shares of the investment management company’s stock after buying an additional 7,127 shares during the period. Choreo LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $365,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Walleye Capital LLC acquired a new position in shares of Western Asset Mortgage Opportunity Fund during the 3rd quarter worth $244,000. Park Avenue Securities LLC raised its position in shares of Western Asset Mortgage Opportunity Fund by 9.1% in the fourth 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 last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Western Asset Mortgage Opportunity Fund by 21.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock valued at $390,000 after buying an additional 5,859 shares during the period. MML Investors Services LLC boosted its position in Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its stake in 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 worth $152,000 after acquiring an additional 1,350 shares during the period.

Western Asset Mortgage Opportunity Fund Stock Up 0.3 %

Shares of NYSE:DMO opened at $11.80 on Thursday. The business has a fifty day simple moving average of $11.80 and a 200-day simple moving average of $11.98. Western Asset Mortgage Opportunity Fund Inc. has a 52 week low of $11.16 and a 52 week high of $12.34.

Western Asset Mortgage Opportunity Fund Increases Dividend

The firm also recently announced 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. This represents a yield of 13.3%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase 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.