Western Asset High Income Opportunity Fund Inc. $HIO Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 14.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,071 shares of the closed-end fund’s stock after buying an additional 2,603 shares during the quarter. HighTower Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Choreo LLC grew its holdings in Western Asset High Income Opportunity Fund by 30.9% in the 1st quarter. Choreo LLC now owns 19,448 shares of the closed-end fund’s stock worth $77,000 after buying an additional 4,593 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Western Asset High Income Opportunity Fund by 8.4% in the 1st 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. Accredited Investor Services LLC bought a new position in Western Asset High Income Opportunity Fund in the 1st quarter worth approximately $44,000. Capital Investment Advisors LLC grew 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 worth $14,050,000 after buying an additional 14,049 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in Western Asset High Income Opportunity Fund by 14.1% in the 1st quarter. Atria Wealth Solutions Inc. now owns 121,700 shares of the closed-end fund’s stock worth $488,000 after buying an additional 15,000 shares in the last quarter.

Insider Activity at Western Asset High Income Opportunity Fund

In related news, Director Peter Daniel Charles Mason acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was bought at an average price of $4.02 per share, for a total transaction of $40,200.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $40,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Western Asset High Income Opportunity Fund Stock Performance

HIO opened at $3.95 on Friday. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $3.36 and a 1-year high of $4.15. The business has a 50 day moving average price of $3.97 and a two-hundred day moving average price of $3.92.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be paid a $0.0355 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, October 24th.

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.