Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 1% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) shares fell 1% during mid-day trading on Thursday . The stock traded as low as $7.77 and last traded at $7.7940. Approximately 94,964 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 87,643 shares. The stock had previously closed at $7.87.

Legg Mason BW Global Income Opportunities Fund Stock Performance

The company’s 50 day simple moving average is $7.90 and its two-hundred day simple moving average is $8.08.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Legg Mason BW Global Income Opportunities Fund

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings in Legg Mason BW Global Income Opportunities Fund by 607.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after purchasing an additional 3,169 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Legg Mason BW Global Income Opportunities Fund by 339.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock worth $37,000 after purchasing an additional 3,397 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth $59,000. Integrity Advisory Solutions LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth $92,000. Finally, Cerity Partners LLC purchased a new position in shares of Legg Mason BW Global Income Opportunities Fund during the second quarter worth $105,000.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.