Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) Stock Position Boosted by Raymond James Financial Services Advisors Inc.

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Raymond James Financial Services Advisors Inc. boosted its stake in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,585 shares of the investment management company’s stock after buying an additional 3,062 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset Mortgage Opportunity Fund were worth $875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sit Investment Associates Inc. grew its position in Western Asset Mortgage Opportunity Fund by 15.0% in the 2nd quarter. Sit Investment Associates Inc. now owns 465,944 shares of the investment management company’s stock valued at $7,264,000 after buying an additional 60,878 shares in the last quarter. Morgan Stanley lifted its holdings in Western Asset Mortgage Opportunity Fund by 10.9% in the 2nd quarter. Morgan Stanley now owns 180,454 shares of the investment management company’s stock valued at $2,813,000 after acquiring an additional 17,785 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Western Asset Mortgage Opportunity Fund in the 3rd quarter valued at about $2,019,000. Envestnet Asset Management Inc. lifted its holdings in Western Asset Mortgage Opportunity Fund by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 95,927 shares of the investment management company’s stock valued at $1,496,000 after acquiring an additional 6,041 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Western Asset Mortgage Opportunity Fund by 4.1% in the 3rd quarter. Park Avenue Securities LLC now owns 71,794 shares of the investment management company’s stock valued at $1,110,000 after acquiring an additional 2,798 shares during the last quarter.

Shares of NYSE DMO opened at $15.40 on Friday. Western Asset Mortgage Opportunity Fund Inc. has a twelve month low of $13.87 and a twelve month high of $16.29. The firm has a 50-day moving average of $15.60 and a two-hundred day moving average of $15.75.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Friday, February 18th will be paid a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date of this dividend is Thursday, February 17th.

Western Asset Mortgage Opportunity Fund Company Profile

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.

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