Sanctuary Advisors LLC Buys Shares of 20,935 Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)

Sanctuary Advisors LLC bought a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) in the 2nd quarter, Holdings Channel.com reports. The fund bought 20,935 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in Western Asset Global Corporate Defined Opportunity Fund during the 2nd quarter valued at about $75,000. Moloney Securities Asset Management LLC increased its holdings in Western Asset Global Corporate Defined Opportunity Fund by 54.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 28,365 shares of the company’s stock valued at $354,000 after acquiring an additional 9,943 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of Western Asset Global Corporate Defined Opportunity Fund during the 2nd quarter worth about $2,475,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Western Asset Global Corporate Defined Opportunity Fund by 9.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,750 shares of the company’s stock worth $7,091,000 after purchasing an additional 50,706 shares during the last quarter.

Western Asset Global Corporate Defined Opportunity Fund Stock Down 0.1 %

Western Asset Global Corporate Defined Opportunity Fund stock opened at $12.28 on Friday. Western Asset Global Corporate Defined Opportunity Fund Inc. has a 12-month low of $11.21 and a 12-month high of $13.04. The firm’s 50-day moving average is $12.72 and its two-hundred day moving average is $12.43.

Western Asset Global Corporate Defined Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.122 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.46 annualized dividend and a dividend yield of 11.92%.

About Western Asset Global Corporate Defined Opportunity Fund

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.