Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 1,187.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,993 shares of the company’s stock after purchasing an additional 198,288 shares during the quarter. International Assets Investment Management LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GDO. Allspring Global Investments Holdings LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock worth $7,091,000 after acquiring an additional 50,706 shares during the period. Almitas Capital LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth $2,475,000. Dynamic Advisor Solutions LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 48,585 shares of the company’s stock worth $625,000 after acquiring an additional 2,919 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 54.0% in the first quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock worth $354,000 after acquiring an additional 9,943 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the second quarter worth $250,000.

Western Asset Global Corporate Defined Opportunity Fund Trading Down 0.1 %

NYSE:GDO opened at $11.89 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 1-year low of $11.49 and a 1-year high of $13.04. The company’s fifty day moving average price is $12.57 and its 200-day moving average price is $12.42.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be paid a $0.122 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.31%.

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.