Park Avenue Securities LLC Boosts Stock Position in Western Asset High Income Opportunity Fund Inc. $HIO

Park Avenue Securities LLC lifted its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 37.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,662 shares of the closed-end fund’s stock after purchasing an additional 6,149 shares during the quarter. Park Avenue Securities LLC’s holdings in Western Asset High Income Opportunity Fund were worth $90,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Western Asset High Income Opportunity Fund in the second quarter valued at $28,000. Accredited Investor Services LLC purchased a new position in Western Asset High Income Opportunity Fund during the first quarter worth $44,000. Geneos Wealth Management Inc. boosted its stake in Western Asset High Income Opportunity Fund by 807.2% during the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after buying an additional 10,429 shares during the period. Elequin Capital LP purchased a new position in Western Asset High Income Opportunity Fund during the first quarter worth $49,000. Finally, Sigma Planning Corp purchased a new position in Western Asset High Income Opportunity Fund during the first quarter worth $69,000.

Western Asset High Income Opportunity Fund Stock Up 0.1%

NYSE HIO opened at $3.89 on Friday. The company has a fifty day moving average of $3.95 and a two-hundred day moving average of $3.91. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.36 and a 52 week high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be paid a dividend of $0.0355 per share. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Friday, October 24th.

Insider Buying and Selling

In other news, Director Peter Daniel Charles Mason acquired 10,000 shares of the company’s stock in a transaction on Monday, July 14th. The stock was bought at an average cost of $4.02 per share, with a total value of $40,200.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $40,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.