Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 0.1% – Should You Sell?

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)’s share price dropped 0.1% during mid-day trading on Thursday . The company traded as low as $8.48 and last traded at $8.5150. Approximately 54,153 shares changed hands during trading, a decline of 54% from the average daily volume of 117,523 shares. The stock had previously closed at $8.52.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.2%

The business’s fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.53.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

A number of large investors have recently bought and sold shares of BWG. Apollon Wealth Management LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 4.6% during the second quarter. Apollon Wealth Management LLC now owns 27,925 shares of the company’s stock valued at $232,000 after buying an additional 1,220 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Legg Mason BW Global Income Opportunities Fund by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after acquiring an additional 1,298 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 145,931 shares of the company’s stock valued at $1,267,000 after acquiring an additional 2,631 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Legg Mason BW Global Income Opportunities Fund by 21.4% in the 2nd quarter. Osaic Holdings Inc. now owns 19,561 shares of the company’s stock valued at $163,000 after purchasing an additional 3,442 shares in the last quarter.

About Legg Mason BW Global Income Opportunities Fund

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.