Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Shares Down 0.1% – Here’s What Happened

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) shares were down 0.1% during mid-day trading on Thursday. The stock traded as low as $6.76 and last traded at $6.9550. 129,210 shares changed hands during trading, an increase of 50% from the average daily volume of 86,035 shares. The stock had previously closed at $6.96.

Legg Mason BW Global Income Opportunities Fund Stock Down 0.1%

The stock has a fifty day moving average of $7.47 and a 200 day moving average of $7.75.

Legg Mason BW Global Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 13.8%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rareview Capital LLC increased its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 56.8% in the second quarter. Rareview Capital LLC now owns 179,226 shares of the company’s stock worth $1,489,000 after purchasing an additional 64,914 shares during the last quarter. Eclectic Associates Inc. ADV boosted its stake in Legg Mason BW Global Income Opportunities Fund by 8.6% during the second quarter. Eclectic Associates Inc. ADV now owns 44,441 shares of the company’s stock valued at $353,000 after buying an additional 3,511 shares during the last quarter. Royal Bank of Canada grew its holdings in Legg Mason BW Global Income Opportunities Fund by 21.3% during the 1st quarter. Royal Bank of Canada now owns 81,081 shares of the company’s stock valued at $622,000 after buying an additional 14,236 shares in the last quarter. Van Diest Capital LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the 1st quarter valued at approximately $129,000. Finally, Stephens Inc. AR increased its stake in Legg Mason BW Global Income Opportunities Fund by 17.2% in the 1st quarter. Stephens Inc. AR now owns 158,528 shares of the company’s stock worth $1,216,000 after acquiring an additional 23,217 shares during the last quarter.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund, Inc is a closed-end investment company traded on the New York Stock Exchange under the symbol BWG. The fund seeks to provide investors with a high level of current income, along with the opportunity for capital appreciation, by investing primarily in fixed-income securities issued by governments, government-related entities and corporations around the world.

The fund’s portfolio may include investment-grade and below-investment-grade debt, emerging-market securities, sovereign and corporate bonds, and other global income-producing investments.