Raymond James Financial Services Advisors Inc. Cuts Stake in Western Asset High Income Fund II Inc. (NYSE:HIX)

Raymond James Financial Services Advisors Inc. decreased its holdings in Western Asset High Income Fund II Inc. (NYSE:HIX) by 40.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,249 shares of the closed-end fund’s stock after selling 12,888 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset High Income Fund II were worth $95,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of Western Asset High Income Fund II in the 3rd quarter valued at $46,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Western Asset High Income Fund II in the 3rd quarter valued at $58,000. Wolverine Asset Management LLC purchased a new stake in shares of Western Asset High Income Fund II in the 3rd quarter valued at $219,000. Raymond James & Associates raised its holdings in Western Asset High Income Fund II by 4.5% during the 3rd quarter. Raymond James & Associates now owns 249,027 shares of the closed-end fund’s stock valued at $1,111,000 after buying an additional 10,826 shares during the last quarter. Finally, UBS Group AG raised its holdings in Western Asset High Income Fund II by 1.9% during the 3rd quarter. UBS Group AG now owns 2,516,846 shares of the closed-end fund’s stock valued at $11,225,000 after buying an additional 47,964 shares during the last quarter.

Western Asset High Income Fund II Trading Down 1.3 %

NYSE:HIX opened at $4.29 on Friday. The company has a fifty day moving average of $4.42 and a 200 day moving average of $4.55. Western Asset High Income Fund II Inc. has a 52 week low of $4.16 and a 52 week high of $5.07.

Western Asset High Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be issued a dividend of $0.049 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.59 dividend on an annualized basis and a yield of 13.72%.

Western Asset High Income Fund II Profile

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.