Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Shares Pass Above 50-Day Moving Average of $8.56

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.56 and traded as high as $8.62. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.61, with a volume of 336,744 shares changing hands.

Western Asset Inflation-Linked Opportunities & Income Fund Stock Up 0.2 %

The stock’s 50 day moving average price is $8.56 and its 200-day moving average price is $8.51.

Western Asset Inflation-Linked Opportunities & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.0605 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.73 annualized dividend and a yield of 8.41%.

Institutional Investors Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund

Several institutional investors have recently added to or reduced their stakes in WIW. Raymond James & Associates boosted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 29.5% during the 1st quarter. Raymond James & Associates now owns 215,686 shares of the investment management company’s stock valued at $2,590,000 after buying an additional 49,151 shares during the period. Baird Financial Group Inc. boosted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 4.7% during the 1st quarter. Baird Financial Group Inc. now owns 351,997 shares of the investment management company’s stock valued at $4,227,000 after buying an additional 15,704 shares during the period. First Trust Advisors LP boosted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 40.8% during the 1st quarter. First Trust Advisors LP now owns 102,058 shares of the investment management company’s stock valued at $1,226,000 after buying an additional 29,558 shares during the period. Ancora Advisors LLC boosted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 103.1% during the 1st quarter. Ancora Advisors LLC now owns 3,700 shares of the investment management company’s stock valued at $45,000 after buying an additional 1,878 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its position in Western Asset Inflation-Linked Opportunities & Income Fund by 4.0% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 845,191 shares of the investment management company’s stock valued at $10,134,000 after buying an additional 32,754 shares during the period.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund is a closed-ended fixed income mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. It is managed by Western Asset Management Company, Western Asset Management Company Limited, Western Asset Management Company Ltd., and Western Asset Management Company Pte.