Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.35 and traded as low as $11.23. Western Asset Global Corporate Defined Opportunity Fund shares last traded at $11.25, with a volume of 49,953 shares traded.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

The company has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $12.07.

Western Asset Global Corporate Defined Opportunity Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 27th will be paid a $0.122 dividend. The ex-dividend date is Friday, January 24th. This is a positive change from Western Asset Global Corporate Defined Opportunity Fund’s previous dividend of $0.10. This represents a yield of 12.93%.

Institutional Trading of Western Asset Global Corporate Defined Opportunity Fund

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the second quarter worth $250,000. Dynamic Advisor Solutions LLC boosted its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock worth $625,000 after purchasing an additional 2,919 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the 3rd quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock valued at $2,767,000 after buying an additional 198,288 shares during the period. Fiera Capital Corp increased its position in Western Asset Global Corporate Defined Opportunity Fund by 4.0% in the 3rd quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock valued at $778,000 after buying an additional 2,322 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Western Asset Global Corporate Defined Opportunity Fund by 52.2% during the 3rd quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after buying an additional 171,815 shares during the period.

About Western Asset Global Corporate Defined Opportunity Fund

Western Asset Global Corporate Defined 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 by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited.