Rivernorth Capital Management LLC Sells 95,732 Shares of Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG)

Rivernorth Capital Management LLC trimmed its stake in Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) by 21.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 344,613 shares of the company’s stock after selling 95,732 shares during the period. Rivernorth Capital Management LLC’s holdings in Legg Mason BW Global Income Opportunities Fund were worth $3,046,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the third quarter valued at $173,000. Pathstone Holdings LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 4.7% in the third quarter. Pathstone Holdings LLC now owns 726,022 shares of the company’s stock valued at $6,419,000 after acquiring an additional 32,744 shares during the period. Wolverine Asset Management LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the third quarter valued at $136,000. Shaker Financial Services LLC grew its position in Legg Mason BW Global Income Opportunities Fund by 6.8% in the third quarter. Shaker Financial Services LLC now owns 260,281 shares of the company’s stock valued at $2,322,000 after acquiring an additional 16,666 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter valued at $171,000.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG stock opened at $8.48 on Thursday. The stock’s fifty day moving average is $8.57 and its 200-day moving average is $8.55. Legg Mason BW Global Income Opportunities Fund Inc. has a 52 week low of $7.81 and a 52 week high of $8.95.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.32%. The ex-dividend date is Monday, December 23rd.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities 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 by Brandywine Global Investment Management, LLC. It invests in fixed income markets. The fund employs fundamental analysis to create its portfolio.