Western Asset High Income Fund II (NYSE:HIX) Stock Passes Above 50-Day Moving Average of $4.89

Western Asset High Income Fund II Inc. (NYSE:HIX) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.89 and traded as high as $4.90. Western Asset High Income Fund II shares last traded at $4.86, with a volume of 147,917 shares traded.

Western Asset High Income Fund II Stock Down 1.0 %

The company has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $4.88.

Western Asset High Income Fund II Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be given a dividend of $0.049 per share. This is an increase from Western Asset High Income Fund II’s previous dividend of $0.05. The ex-dividend date is Thursday, September 21st.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors have recently modified their holdings of HIX. Creative Planning raised its stake in Western Asset High Income Fund II by 835.3% during the 4th quarter. Creative Planning now owns 366,777 shares of the closed-end fund’s stock worth $1,775,000 after acquiring an additional 327,560 shares in the last quarter. Sage Capital Advisors llc raised its position in shares of Western Asset High Income Fund II by 21.5% in the 1st quarter. Sage Capital Advisors llc now owns 73,850 shares of the closed-end fund’s stock worth $359,000 after buying an additional 13,074 shares during the period. Raymond James & Associates raised its holdings in Western Asset High Income Fund II by 46.4% in the fourth quarter. Raymond James & Associates now owns 172,261 shares of the closed-end fund’s stock valued at $834,000 after buying an additional 54,615 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of Western Asset High Income Fund II in the fourth quarter worth about $40,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Western Asset High Income Fund II by 5.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 418,328 shares of the closed-end fund’s stock worth $2,024,000 after purchasing an additional 20,316 shares in the last quarter.

About Western Asset High Income Fund II

Western Asset High Income Fund II 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.