Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.78 and traded as low as $8.60. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.6250, with a volume of 210,799 shares traded.

Western Asset Inflation-Linked Opportunities & Income Fund Stock Performance

The firm has a 50-day moving average of $8.63 and a 200 day moving average of $8.78.

Western Asset Inflation-Linked Opportunities & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 8.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WIW. Invesco Ltd. increased its stake in Western Asset Inflation-Linked Opportunities & Income Fund by 3.0% in the third quarter. Invesco Ltd. now owns 1,024,485 shares of the investment management company’s stock valued at $9,108,000 after purchasing an additional 29,537 shares in the last quarter. PenderFund Capital Management Ltd. grew its stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 1.1% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 1,006,697 shares of the investment management company’s stock valued at $8,950,000 after buying an additional 10,900 shares during the period. Private Advisor Group LLC increased its position in Western Asset Inflation-Linked Opportunities & Income Fund by 9.1% in the 3rd quarter. Private Advisor Group LLC now owns 880,166 shares of the investment management company’s stock valued at $7,825,000 after buying an additional 73,076 shares in the last quarter. Guggenheim Capital LLC raised its stake in Western Asset Inflation-Linked Opportunities & Income Fund by 14.5% during the 2nd quarter. Guggenheim Capital LLC now owns 845,457 shares of the investment management company’s stock worth $7,406,000 after buying an additional 107,360 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Western Asset Inflation-Linked Opportunities & Income Fund by 8.3% in the third quarter. Bank of America Corp DE now owns 772,270 shares of the investment management company’s stock worth $6,865,000 after acquiring an additional 59,211 shares in the last quarter.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.