Shaker Financial Services LLC Purchases 402,861 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

Shaker Financial Services LLC grew its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 191.0% in the fourth quarter, Holdings Channel reports. The fund owned 613,763 shares of the closed-end fund’s stock after buying an additional 402,861 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $2,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kanen Wealth Management LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 1st quarter valued at $1,448,000. Jane Street Group LLC purchased a new stake in Western Asset High Income Opportunity Fund in the first quarter worth $139,000. Geneos Wealth Management Inc. increased its stake in Western Asset High Income Opportunity Fund by 807.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the period. Cetera Investment Advisers increased its stake in Western Asset High Income Opportunity Fund by 8.2% in the second quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock worth $310,000 after purchasing an additional 5,937 shares during the period. Finally, Invesco Ltd. increased its stake in Western Asset High Income Opportunity Fund by 1.0% in the second quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock worth $4,006,000 after purchasing an additional 10,194 shares during the period.

Western Asset High Income Opportunity Fund Trading Up 0.7%

HIO stock opened at $3.75 on Friday. The business’s fifty day simple moving average is $3.71 and its two-hundred day simple moving average is $3.75. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.52 and a twelve month high of $4.05.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.0355 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 11.4%.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.