Shaker Financial Services LLC Sells 147,306 Shares of Western Asset High Income Fund II Inc. $HIX

Shaker Financial Services LLC decreased its holdings in Western Asset High Income Fund II Inc. (NYSE:HIX) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 403,653 shares of the closed-end fund’s stock after selling 147,306 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset High Income Fund II were worth $1,679,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in Western Asset High Income Fund II by 134.1% in the 1st quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock valued at $39,000 after purchasing an additional 5,367 shares during the last quarter. Merit Financial Group LLC acquired a new position in Western Asset High Income Fund II in the third quarter valued at about $45,000. Geneos Wealth Management Inc. grew its stake in Western Asset High Income Fund II by 288.4% in the second quarter. Geneos Wealth Management Inc. now owns 11,531 shares of the closed-end fund’s stock valued at $49,000 after acquiring an additional 8,562 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Western Asset High Income Fund II in the third quarter valued at about $56,000. Finally, Jane Street Group LLC acquired a new position in Western Asset High Income Fund II in the first quarter valued at about $64,000.

Western Asset High Income Fund II Stock Performance

Shares of Western Asset High Income Fund II stock opened at $4.10 on Friday. The stock’s 50-day moving average is $4.05 and its 200-day moving average is $4.15. Western Asset High Income Fund II Inc. has a one year low of $3.75 and a one year high of $4.40.

Western Asset High Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.049 per share. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date is Thursday, May 21st.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.