Raymond James & Associates Sells 6,996 Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Raymond James & Associates lessened its holdings in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,468 shares of the company’s stock after selling 6,996 shares during the quarter. Raymond James & Associates’ holdings in Western Asset High Yield Defined Opportunity Fund were worth $1,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HYI. Invesco Ltd. grew its holdings 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 worth $4,846,000 after purchasing an additional 33,594 shares during the last quarter. UBS Group AG grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.5% in the 2nd quarter. UBS Group AG now owns 141,078 shares of the company’s stock worth $1,719,000 after purchasing an additional 4,816 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth about $137,000. LPL Financial LLC grew its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 37.7% in the 2nd quarter. LPL Financial LLC now owns 28,272 shares of the company’s stock worth $344,000 after purchasing an additional 7,747 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth about $187,000.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.7 %

HYI opened at $11.66 on Friday. The firm’s 50-day simple moving average is $11.95 and its 200-day simple moving average is $11.77. Western Asset High Yield Defined Opportunity Fund Inc. has a twelve month low of $10.99 and a twelve month high of $12.24.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Monday, April 22nd.

About Western Asset High Yield Defined Opportunity Fund

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.