Regal Investment Advisors LLC Lowers Position in Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)

Regal Investment Advisors LLC decreased its stake in shares of Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) by 33.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,842 shares of the investment management company’s stock after selling 8,585 shares during the period. Regal Investment Advisors LLC’s holdings in Western Asset Mortgage Opportunity Fund were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Integrated Capital Management Inc. lifted its stake in Western Asset Mortgage Opportunity Fund by 9.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 15,490 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 1,381 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 8.3% during the first quarter. SeaCrest Wealth Management LLC now owns 21,249 shares of the investment management company’s stock valued at $249,000 after purchasing an additional 1,626 shares in the last quarter. Choreo LLC purchased a new position in Western Asset Mortgage Opportunity Fund during the first quarter worth about $357,000. Robinson Capital Management LLC purchased a new stake in Western Asset Mortgage Opportunity Fund in the 1st quarter valued at about $423,000. Finally, Riverbridge Partners LLC lifted its position in shares of Western Asset Mortgage Opportunity Fund by 2.4% during the 1st quarter. Riverbridge Partners LLC now owns 131,154 shares of the investment management company’s stock worth $1,536,000 after buying an additional 3,132 shares in the last quarter.

Western Asset Mortgage Opportunity Fund Stock Performance

Shares of NYSE DMO opened at $12.04 on Thursday. The stock’s 50 day moving average price is $12.06 and its 200-day moving average price is $11.86. Western Asset Mortgage Opportunity Fund Inc. has a twelve month low of $10.00 and a twelve month high of $12.34.

Western Asset Mortgage Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a $0.13 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.56 annualized dividend and a yield of 12.96%.

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.