Envestnet Asset Management Inc. Increases Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Envestnet Asset Management Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Rating) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,033 shares of the closed-end fund’s stock after purchasing an additional 18,863 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $1,050,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HIO. Jeppson Wealth Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 2nd quarter worth $40,000. D.A. Davidson & CO. bought a new position in shares of Western Asset High Income Opportunity Fund during the 2nd quarter worth $51,000. Eudaimonia Partners LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 1st quarter worth $52,000. Sawtooth Solutions LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 1st quarter worth $64,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 29.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 15,813 shares of the closed-end fund’s stock worth $71,000 after acquiring an additional 3,640 shares during the period.

Western Asset High Income Opportunity Fund Trading Down 1.0 %

HIO stock opened at $3.93 on Thursday. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $5.23. The stock has a fifty day moving average of $3.80 and a 200-day moving average of $3.97.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 22nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, December 21st. This represents a $0.36 annualized dividend and a dividend yield of 9.16%.

Western Asset High Income Opportunity Fund Profile

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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.

Further Reading

Institutional Ownership by Quarter for Western Asset High Income Opportunity Fund (NYSE:HIO)

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