PFG Investments LLC Invests $464,000 in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

PFG Investments LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,188 shares of the company’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of Western Asset Global Corporate Defined Opportunity Fund by 1,048.4% during the 4th quarter. International Assets Investment Management LLC now owns 213,323 shares of the company’s stock valued at $2,724,000 after buying an additional 194,748 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 27.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 530,044 shares of the company’s stock valued at $6,769,000 after purchasing an additional 115,072 shares in the last quarter. Atlas Wealth LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 40.7% during the third quarter. Atlas Wealth LLC now owns 122,430 shares of the company’s stock valued at $1,451,000 after purchasing an additional 35,426 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Western Asset Global Corporate Defined Opportunity Fund during the third quarter valued at approximately $208,000. Finally, FCA Corp TX boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 6.5% during the third quarter. FCA Corp TX now owns 273,010 shares of the company’s stock valued at $3,235,000 after purchasing an additional 16,616 shares in the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE GDO traded down $0.06 during midday trading on Tuesday, reaching $11.88. 66,369 shares of the company’s stock traded hands, compared to its average volume of 41,112. The stock’s 50 day simple moving average is $12.33 and its 200-day simple moving average is $12.25. Western Asset Global Corporate Defined Opportunity Fund Inc. has a one year low of $11.21 and a one year high of $13.04.

Western Asset Global Corporate Defined Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.102 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 10.30%.

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.