Stifel Financial Corp Cuts Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Stifel Financial Corp lowered its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,609 shares of the closed-end fund’s stock after selling 6,799 shares during the period. Stifel Financial Corp’s holdings in Western Asset High Income Opportunity Fund were worth $760,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in Western Asset High Income Opportunity Fund during the third quarter valued at about $40,000. Horizon Kinetics Asset Management LLC purchased a new position in Western Asset High Income Opportunity Fund in the third quarter valued at about $41,000. Litman Gregory Wealth Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at approximately $57,000. Sanctuary Advisors LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund during the 2nd quarter worth approximately $59,000. Finally, Encompass More Asset Management bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth approximately $62,000.

Western Asset High Income Opportunity Fund Price Performance

NYSE:HIO opened at $3.98 on Wednesday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.07. The business has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $3.93.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.0355 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.43 annualized dividend and a yield of 10.70%.

About Western Asset High Income Opportunity Fund

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.