Riverbridge Partners LLC Sells 44,252 Shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Riverbridge Partners LLC cut its stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 53.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,041 shares of the investment management company’s stock after selling 44,252 shares during the period. Riverbridge Partners LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in shares of Western Asset Mortgage Opportunity Fund by 9.1% during the fourth quarter. Park Avenue Securities LLC now owns 81,582 shares of the investment management company’s stock valued at $963,000 after acquiring an additional 6,822 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 21.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 33,023 shares of the investment management company’s stock valued at $390,000 after purchasing an additional 5,859 shares during the last quarter. Integrated Capital Management Inc. boosted its position in Western Asset Mortgage Opportunity Fund by 5.9% in the fourth quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after buying an additional 919 shares in the last quarter. MML Investors Services LLC grew its stake in Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock worth $1,358,000 after buying an additional 1,403 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Western Asset Mortgage Opportunity Fund during the third quarter worth approximately $244,000.

Western Asset Mortgage Opportunity Fund Trading Down 0.0 %

NYSE:DMO opened at $11.74 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a 1 year low of $11.14 and a 1 year high of $12.34. The firm has a 50 day moving average of $11.87 and a 200-day moving average of $12.02.

Western Asset Mortgage Opportunity Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 27th will be paid a $0.13 dividend. The ex-dividend date is Friday, January 24th. This represents a yield of 13.3%. This is a positive change from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity 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 Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.