Wolverine Asset Management LLC Makes New Investment in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Wolverine Asset Management LLC bought a new position in Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 57,023 shares of the company’s stock, valued at approximately $646,000.

Other hedge funds have also bought and sold shares of the company. Fiera Capital Corp raised its position in Western Asset Global Corporate Defined Opportunity Fund by 4.0% in the 3rd quarter. Fiera Capital Corp now owns 60,454 shares of the company’s stock worth $778,000 after buying an additional 2,322 shares during the last quarter. International Assets Investment Management LLC raised its position in Western Asset Global Corporate Defined Opportunity Fund by 1,187.0% in the 3rd quarter. International Assets Investment Management LLC now owns 214,993 shares of the company’s stock worth $2,767,000 after buying an additional 198,288 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Western Asset Global Corporate Defined Opportunity Fund by 52.2% in the 3rd quarter. Jane Street Group LLC now owns 500,906 shares of the company’s stock worth $6,447,000 after buying an additional 171,815 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Price Performance

Shares of NYSE:GDO opened at $11.35 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $13.01. The business has a 50-day simple moving average of $11.27 and a two-hundred day simple moving average of $11.95.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.122 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.90%.

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.