Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) Trading Down 0.6% – Here’s What Happened

Shares of Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) dropped 0.6% during trading on Monday . The stock traded as low as $7.79 and last traded at $7.80. Approximately 61,561 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 93,228 shares. The stock had previously closed at $7.85.

Legg Mason BW Global Income Opportunities Fund Trading Down 0.3%

The firm’s fifty day moving average is $7.95 and its 200-day moving average is $8.19.

Legg Mason BW Global Income Opportunities Fund Dividend Announcement

The business also recently declared 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) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Legg Mason BW Global Income Opportunities Fund

Several hedge funds have recently modified their holdings of BWG. Ameriprise Financial Inc. grew its holdings in Legg Mason BW Global Income Opportunities Fund by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 24,770 shares of the company’s stock worth $206,000 after buying an additional 1,298 shares in the last quarter. Private Advisor Group LLC boosted its stake in Legg Mason BW Global Income Opportunities Fund by 1.8% during the third quarter. Private Advisor Group LLC now owns 145,931 shares of the company’s stock valued at $1,267,000 after buying an additional 2,631 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Legg Mason BW Global Income Opportunities Fund by 10.5% in the 4th quarter. Apollon Wealth Management LLC now owns 31,483 shares of the company’s stock worth $264,000 after purchasing an additional 2,993 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock valued at $31,000 after acquiring an additional 3,169 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Legg Mason BW Global Income Opportunities Fund by 339.7% in the 4th 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.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.