Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Shares Down 0.6% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) was down 0.6% during mid-day trading on Thursday . The stock traded as low as $7.63 and last traded at $7.6550. Approximately 34,281 shares changed hands during trading, a decline of 59% from the average session volume of 82,975 shares. The stock had previously closed at $7.70.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The firm’s 50-day simple moving average is $7.81 and its 200 day simple moving average is $7.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.5%.

Institutional Trading of Legg Mason BW Global Income Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Rareview Capital LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 56.8% in the second quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock valued at $1,489,000 after acquiring an additional 64,914 shares during the last quarter. Eclectic Associates Inc. ADV lifted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 8.6% in the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock worth $353,000 after acquiring an additional 3,511 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 21.3% in the first quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock worth $622,000 after acquiring an additional 14,236 shares during the last quarter. Van Diest Capital LLC acquired a new stake in shares of Legg Mason BW Global Income Opportunities Fund in the 1st quarter valued at approximately $129,000. Finally, Stephens Inc. AR boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 17.2% in the 1st quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock valued at $1,216,000 after purchasing an additional 23,217 shares in the last quarter.

Legg Mason BW Global Income Opportunities Fund Company Profile

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.