Kanen Wealth Management LLC Purchases Shares of 363,718 Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Kanen Wealth Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 1st quarter, Holdings Channel reports. The firm acquired 363,718 shares of the closed-end fund’s stock, valued at approximately $1,448,000. Western Asset High Income Opportunity Fund accounts for about 0.6% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its position in shares of Western Asset High Income Opportunity Fund by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock valued at $419,000 after buying an additional 3,584 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Western Asset High Income Opportunity Fund by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 110,083 shares of the closed-end fund’s stock worth $433,000 after purchasing an additional 4,910 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Western Asset High Income Opportunity Fund by 13.7% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,757 shares of the closed-end fund’s stock worth $168,000 after purchasing an additional 5,137 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $43,000. Finally, Independent Advisor Alliance acquired a new position in Western Asset High Income Opportunity Fund during the 4th quarter worth approximately $44,000.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO opened at $3.87 on Tuesday. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.36 and a 52-week high of $4.15. The firm has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $3.92.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 22nd will be paid a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset High Income Opportunity Fund Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.