Stratos Wealth Partners LTD. Reduces Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Stratos Wealth Partners LTD. lessened its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 25.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,667 shares of the closed-end fund’s stock after selling 11,578 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Western Asset High Income Opportunity Fund were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HIO. Oppenheimer & Co. Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund by 8.4% during the first quarter. Oppenheimer & Co. Inc. now owns 74,042 shares of the closed-end fund’s stock worth $295,000 after buying an additional 5,749 shares in the last quarter. Kanen Wealth Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund in the 1st quarter valued at $1,448,000. Capital Investment Advisors LLC raised its holdings in Western Asset High Income Opportunity Fund by 0.4% in the 1st quarter. Capital Investment Advisors LLC now owns 3,530,186 shares of the closed-end fund’s stock valued at $14,050,000 after buying an additional 14,049 shares during the period. First Trust Advisors LP boosted its position in shares of Western Asset High Income Opportunity Fund by 5.4% during the 4th quarter. First Trust Advisors LP now owns 249,631 shares of the closed-end fund’s stock worth $981,000 after purchasing an additional 12,866 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 3.1% during the fourth quarter. Evergreen Capital Management LLC now owns 545,219 shares of the closed-end fund’s stock worth $2,143,000 after buying an additional 16,467 shares during the period.

Insider Activity

In related news, Director Peter Daniel Charles Mason acquired 10,000 shares of the business’s stock in a transaction on Monday, July 14th. The shares were bought at an average price of $4.02 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $40,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders bought 18,167 shares of company stock worth $71,768.

Western Asset High Income Opportunity Fund Price Performance

NYSE HIO opened at $4.01 on Friday. The firm has a 50 day simple moving average of $3.92 and a 200-day simple moving average of $3.92. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.36 and a one year high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 25th will be paid a dividend of $0.0355 per share. The ex-dividend date is Thursday, July 24th. This represents a dividend yield of 10.62%.

Western Asset High Income Opportunity Fund 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.