Cetera Investment Advisers Purchases 1,200 Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Cetera Investment Advisers boosted its position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,167 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Cetera Investment Advisers’ holdings in Western Asset High Yield Defined Opportunity Fund were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $8,392,000. Guggenheim Capital LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 17.3% during the fourth quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock valued at $5,277,000 after acquiring an additional 65,926 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 11.7% during the fourth quarter. Shaker Financial Services LLC now owns 161,521 shares of the company’s stock valued at $1,909,000 after acquiring an additional 16,943 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 1.7% during the fourth quarter. Consolidated Portfolio Review Corp now owns 73,857 shares of the company’s stock valued at $873,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 3.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,596 shares of the company’s stock valued at $870,000 after acquiring an additional 2,271 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

Western Asset High Yield Defined Opportunity Fund stock opened at $11.84 on Monday. The company has a 50 day moving average price of $11.65 and a 200-day moving average price of $11.89. Western Asset High Yield Defined Opportunity Fund Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $12.44.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 9.63%. The ex-dividend date of this dividend is Friday, August 22nd.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.