1607 Capital Partners LLC Purchases New Holdings in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

1607 Capital Partners LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYIGet Rating) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 36,571 shares of the company’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in Western Asset High Yield Defined Opportunity Fund by 23.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 413,419 shares of the company’s stock valued at $5,738,000 after acquiring an additional 79,682 shares during the period. Invesco Ltd. grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 10.6% in the 1st quarter. Invesco Ltd. now owns 349,133 shares of the company’s stock valued at $4,846,000 after purchasing an additional 33,594 shares during the period. Ameritas Advisory Services LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 3.9% in the 1st quarter. Ameritas Advisory Services LLC now owns 206,129 shares of the company’s stock valued at $2,861,000 after purchasing an additional 7,659 shares during the period. GraniteShares Advisors LLC grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 9.7% in the 1st quarter. GraniteShares Advisors LLC now owns 185,333 shares of the company’s stock valued at $2,572,000 after purchasing an additional 16,439 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Western Asset High Yield Defined Opportunity Fund by 8.0% in the 4th quarter. Raymond James & Associates now owns 171,680 shares of the company’s stock valued at $2,707,000 after purchasing an additional 12,697 shares during the period.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.2 %

HYI stock opened at $12.63 on Tuesday. Western Asset High Yield Defined Opportunity Fund Inc. has a 1-year low of $11.64 and a 1-year high of $16.64. The business’s 50 day moving average is $12.45 and its 200-day moving average is $12.87.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 22nd will be paid a $0.0945 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.13 annualized dividend and a dividend yield of 8.98%.

About Western Asset High Yield Defined Opportunity Fund

(Get Rating)

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.

Featured Stories

Want to see what other hedge funds are holding HYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYIGet Rating).

Institutional Ownership by Quarter for Western Asset High Yield Defined Opportunity Fund (NYSE:HYI)

Receive News & Ratings for Western Asset High Yield Defined 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 Yield Defined Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.