Rareview Capital LLC grew its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Free Report) by 30.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 903,653 shares of the closed-end fund’s stock after acquiring an additional 212,012 shares during the quarter. Western Asset High Income Opportunity Fund comprises about 1.8% of Rareview Capital LLC’s portfolio, making the stock its 17th biggest position. Rareview Capital LLC’s holdings in Western Asset High Income Opportunity Fund were worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. NWF Advisory Services Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 13.0% during the 2nd quarter. NWF Advisory Services Inc. now owns 64,333 shares of the closed-end fund’s stock worth $234,000 after purchasing an additional 7,412 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Western Asset High Income Opportunity Fund by 5.8% in the second quarter. Concurrent Investment Advisors LLC now owns 52,351 shares of the closed-end fund’s stock valued at $191,000 after purchasing an additional 2,863 shares during the last quarter. IMC Chicago LLC bought a new position in Western Asset High Income Opportunity Fund in the second quarter worth about $90,000. Wedbush Securities Inc. lifted its position in shares of Western Asset High Income Opportunity Fund by 84.0% during the second quarter. Wedbush Securities Inc. now owns 21,793 shares of the closed-end fund’s stock valued at $83,000 after buying an additional 9,950 shares during the last quarter. Finally, First Nebraska Trust Co purchased a new stake in shares of Western Asset High Income Opportunity Fund during the first quarter valued at about $80,000.
Western Asset High Income Opportunity Fund Stock Performance
NYSE HIO opened at $3.47 on Friday. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.46 and a 52 week high of $4.05. The company has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.63.
Western Asset High Income Opportunity Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0355 per share. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.
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.
Featured Stories
- Five stocks we like better than Western Asset High Income Opportunity Fund
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Western Asset High Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.
