Kestra Advisory Services LLC increases its equity holdings in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

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Kestra Advisory Services LLC increased its stake in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDOGet a rating) by 40.0% during the 1st quarter, according to its last Form 13F filed with the Securities & Exchange Commission. The institutional investor owned 20,422 shares of the company after acquiring an additional 5,840 shares during the quarter. Kestra Advisory Services LLC’s holdings in the Western Asset Global Corporate Defined Opportunity Fund were worth $303,000 at the end of the last quarter.

Several other institutional investors and hedge funds also changed their positions in the stock. Capital Market Strategies LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter worth approximately $196,000. Oppenheimer & Co. Inc. increased 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 worth $200,000 after purchasing an additional 830 shares during the period. Envestnet Asset Management Inc. bought a new position in Western Asset Global Corporate Defined Opportunity Fund during the fourth quarter for a value of approximately $279,000. Steward Partners Investment Advisory LLC increased 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 worth $419,000 after purchasing an additional 3,421 shares during the period. Finally, Advisor Group Holdings Inc. increased 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 worth $443,000 after purchasing an additional 1,176 shares during the period.

Western Asset Global Corporate Defined Opportunity Fund trades up 1.0%

NYSE GDO opened at $13.80 on Monday. The company’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 12-month low of $13.29 and a 12-month high of $18.72.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 1. Investors of record on Wednesday August 24 will receive a dividend of $0.101 per share. The ex-dividend date is Tuesday, August 23. This represents an annualized dividend of $1.21 and a yield of 8.78%.

Western Asset Global Corporate Defined Opportunity Fund Company Profile

(Get a rating)

Western Asset Global Corporate Defined Opportunity Fund Inc is a closed-end, 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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Want to see which other hedge funds hold GDOs? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDOGet a rating).

Institutional ownership by quarter for Western Asset Global Corporate Defined Opportunity Fund (NYSE:GDO)



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