Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Passes Below 200-Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.10 and traded as low as $10.63. Western Asset Mortgage Opportunity Fund shares last traded at $10.6440, with a volume of 40,674 shares traded.

Western Asset Mortgage Opportunity Fund Stock Performance

The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $11.10.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 13.5%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors have recently modified their holdings of DMO. Janney Montgomery Scott LLC purchased a new stake in shares of Western Asset Mortgage Opportunity Fund during the 1st quarter worth approximately $114,000. Noble Wealth Management PBC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 351.9% during the 4th quarter. Noble Wealth Management PBC now owns 13,897 shares of the investment management company’s stock worth $154,000 after acquiring an additional 10,822 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 15,490 shares of the investment management company’s stock worth $185,000 after acquiring an additional 2,424 shares in the last quarter. Marex Group plc purchased a new stake in shares of Western Asset Mortgage Opportunity Fund during the 4th quarter worth approximately $189,000. Finally, Journey Strategic Wealth LLC boosted its stake in shares of Western Asset Mortgage Opportunity Fund by 78.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 23,850 shares of the investment management company’s stock worth $280,000 after acquiring an additional 10,500 shares in the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.