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Kestra Advisory Services LLC grew its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO – Get Rating) by 40.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,422 shares of the company’s stock after acquiring an additional 5,840 shares during the quarter. Kestra Advisory Services LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $303,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Market Strategies LLC purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth about $196,000. Oppenheimer & Co. Inc. lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 7.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,460 shares of the company’s stock worth $200,000 after buying an additional 830 shares during the period. Envestnet Asset Management Inc. purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth about $279,000. Steward Partners Investment Advisory LLC lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 16.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,971 shares of the company’s stock worth $419,000 after buying an additional 3,421 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in Western Asset Global Corporate Defined Opportunity Fund by 4.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 25,355 shares of the company’s stock worth $443,000 after buying an additional 1,176 shares during the period.
Western Asset Global Corporate Defined Opportunity Fund Trading Up 1.0 %
NYSE GDO opened at $13.80 on Monday. The business’s 50-day moving average price is $13.99 and its 200 day moving average price is $14.91. Western Asset Global Corporate Defined Opportunity Fund Inc. has a twelve month low of $13.29 and a twelve month high of $18.72.
Western Asset Global Corporate Defined Opportunity Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be given a dividend of $0.101 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $1.21 annualized dividend and a yield of 8.78%.
Western Asset Global Corporate Defined Opportunity Fund Company Profile
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.
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