Comerica Bank Reduces Stock Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Comerica Bank trimmed its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,031 shares of the closed-end fund’s stock after selling 15,235 shares during the quarter. Comerica Bank’s holdings in Western Asset High Income Opportunity Fund were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its holdings in shares of Western Asset High Income Opportunity Fund by 9.5% in the fourth quarter. Sit Investment Associates Inc. now owns 1,255,712 shares of the closed-end fund’s stock valued at $4,935,000 after buying an additional 108,624 shares during the period. Invesco Ltd. increased its position in Western Asset High Income Opportunity Fund by 1.3% in the 4th quarter. Invesco Ltd. now owns 1,204,731 shares of the closed-end fund’s stock worth $4,735,000 after purchasing an additional 15,121 shares during the last quarter. FCA Corp TX increased its position in Western Asset High Income Opportunity Fund by 8.0% in the 4th quarter. FCA Corp TX now owns 1,089,059 shares of the closed-end fund’s stock worth $4,280,000 after purchasing an additional 80,751 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $2,759,000. Finally, Rareview Capital LLC boosted its stake in shares of Western Asset High Income Opportunity Fund by 9.7% during the 4th quarter. Rareview Capital LLC now owns 685,970 shares of the closed-end fund’s stock worth $2,778,000 after acquiring an additional 60,612 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE:HIO opened at $3.91 on Monday. The business has a 50 day moving average price of $3.86 and a 200 day moving average price of $3.93. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.36 and a twelve month high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be issued a $0.0355 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.91%.

Western Asset High Income Opportunity Fund Company Profile

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.