Journey Strategic Wealth LLC Raises Stock Holdings in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Journey Strategic Wealth LLC raised its position in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,850 shares of the investment management company’s stock after buying an additional 1,350 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Capital Management Inc. raised its stake in Western Asset Mortgage Opportunity Fund by 5.9% during 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 raised 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 valued at $1,358,000 after buying an additional 1,403 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Western Asset Mortgage Opportunity Fund by 21.0% during the third quarter. SeaCrest Wealth Management LLC now owns 27,164 shares of the investment management company’s stock valued at $325,000 after buying an additional 4,706 shares in the last quarter. Park Avenue Securities LLC raised its stake in 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 buying an additional 6,822 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Western Asset Mortgage Opportunity Fund during the third quarter valued at approximately $244,000.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO opened at $11.69 on Tuesday. The stock’s 50 day moving average price is $11.83 and its two-hundred day moving average price is $12.00. Western Asset Mortgage Opportunity Fund Inc. has a 52-week low of $11.16 and a 52-week high of $12.34.

Western Asset Mortgage Opportunity Fund Increases Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were given a dividend of $0.13 per share. This represents a dividend yield of 13.3%. This is a boost from Western Asset Mortgage Opportunity Fund’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th.

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.