HighTower Advisors LLC Invests $74,000 in Western Asset High Income Fund II Inc. $HIX

HighTower Advisors LLC purchased a new position in Western Asset High Income Fund II Inc. (NYSE:HIX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,636 shares of the closed-end fund’s stock, valued at approximately $74,000.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Western Asset High Income Fund II in the fourth quarter worth about $54,000. Oppenheimer & Co. Inc. grew its holdings in shares of Western Asset High Income Fund II by 9.2% in the first quarter. Oppenheimer & Co. Inc. now owns 210,655 shares of the closed-end fund’s stock worth $881,000 after purchasing an additional 17,684 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Western Asset High Income Fund II by 1.7% in the first quarter. Invesco Ltd. now owns 984,945 shares of the closed-end fund’s stock worth $4,117,000 after purchasing an additional 16,267 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Western Asset High Income Fund II by 4.7% in the first quarter. Cetera Investment Advisers now owns 64,125 shares of the closed-end fund’s stock worth $268,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Rareview Capital LLC grew its holdings in shares of Western Asset High Income Fund II by 77.4% in the first quarter. Rareview Capital LLC now owns 351,897 shares of the closed-end fund’s stock worth $1,471,000 after purchasing an additional 153,544 shares during the last quarter.

Western Asset High Income Fund II Stock Performance

NYSE HIX opened at $4.34 on Friday. The company’s 50-day moving average price is $4.30 and its 200-day moving average price is $4.21. Western Asset High Income Fund II Inc. has a 12 month low of $3.65 and a 12 month high of $4.54.

Western Asset High Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be issued a dividend of $0.049 per share. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Friday, October 24th.

Western Asset High Income Fund II 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.