LPL Financial LLC Raises Stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

LPL Financial LLC grew its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 256.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 277,938 shares of the closed-end fund’s stock after acquiring an additional 199,893 shares during the quarter. LPL Financial LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HIO. Atria Wealth Solutions Inc. raised its stake in Western Asset High Income Opportunity Fund by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock worth $419,000 after purchasing an additional 3,584 shares during the period. Park Avenue Securities LLC grew its position in Western Asset High Income Opportunity Fund by 32.1% in the fourth quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock worth $64,000 after acquiring an additional 3,951 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Western Asset High Income Opportunity Fund by 13.7% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,757 shares of the closed-end fund’s stock worth $168,000 after acquiring an additional 5,137 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Western Asset High Income Opportunity Fund in the fourth quarter valued at $43,000. Finally, Independent Advisor Alliance acquired a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $44,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE:HIO opened at $3.76 on Friday. The business has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.96. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.36 and a 12-month high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.0355 dividend. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10.47%.

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.