Raymond James Financial Inc. Invests $827,000 in Western Asset High Income Fund II Inc. (NYSE:HIX)

Raymond James Financial Inc. acquired a new stake in Western Asset High Income Fund II Inc. (NYSE:HIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 196,490 shares of the closed-end fund’s stock, valued at approximately $827,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its holdings in shares of Western Asset High Income Fund II by 5.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock valued at $707,000 after purchasing an additional 8,000 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Western Asset High Income Fund II in the fourth quarter worth approximately $66,000. Calamos Advisors LLC lifted its holdings in Western Asset High Income Fund II by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 83,491 shares of the closed-end fund’s stock worth $351,000 after buying an additional 16,055 shares during the period. Arete Wealth Advisors LLC lifted its holdings in Western Asset High Income Fund II by 97.5% during the third quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after buying an additional 16,535 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in Western Asset High Income Fund II by 39.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 81,497 shares of the closed-end fund’s stock valued at $346,000 after acquiring an additional 23,206 shares in the last quarter.

Western Asset High Income Fund II Stock Down 6.2 %

Shares of Western Asset High Income Fund II stock opened at $3.86 on Friday. The firm’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.36. Western Asset High Income Fund II Inc. has a 52-week low of $3.65 and a 52-week high of $4.54.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.049 per share. The ex-dividend date was Monday, March 24th. This represents a yield of 13.8%.

Western Asset High Income Fund II Company 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.