International Assets Investment Management LLC Boosts Stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

International Assets Investment Management LLC lifted its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) by 1,048.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,323 shares of the company’s stock after purchasing an additional 194,748 shares during the period. International Assets Investment Management LLC’s holdings in Western Asset Global Corporate Defined Opportunity Fund were worth $2,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDO. Cerity Partners LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 4th quarter worth $1,153,000. Atlas Wealth LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 40.7% in the 3rd quarter. Atlas Wealth LLC now owns 122,430 shares of the company’s stock worth $1,451,000 after purchasing an additional 35,426 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 414,972 shares of the company’s stock worth $4,917,000 after purchasing an additional 34,430 shares in the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund in the 1st quarter worth $404,000. Finally, NBC Securities Inc. bought a new position in Western Asset Global Corporate Defined Opportunity Fund in the 3rd quarter worth $208,000.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1 %

Shares of Western Asset Global Corporate Defined Opportunity Fund stock opened at $11.95 on Friday. The company has a fifty day moving average of $12.43 and a 200 day moving average of $12.22. Western Asset Global Corporate Defined Opportunity Fund Inc. has a fifty-two week low of $11.21 and a fifty-two week high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be issued a $0.102 dividend. This represents a $1.22 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend is Monday, April 22nd.

Western Asset Global Corporate Defined Opportunity Fund 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.