Capital Investment Advisors LLC Sells 226,091 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

Capital Investment Advisors LLC lowered its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,889,829 shares of the closed-end fund’s stock after selling 226,091 shares during the quarter. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $10,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MAI Capital Management lifted its position in shares of Western Asset High Income Opportunity Fund by 14.6% in the second quarter. MAI Capital Management now owns 24,967 shares of the closed-end fund’s stock worth $99,000 after buying an additional 3,175 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after acquiring an additional 5,000 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock worth $507,000 after acquiring an additional 5,080 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 15.7% during the 2nd quarter. Jane Street Group LLC now owns 40,270 shares of the closed-end fund’s stock valued at $160,000 after acquiring an additional 5,462 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Western Asset High Income Opportunity Fund by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock valued at $310,000 after acquiring an additional 5,937 shares during the last quarter.

Western Asset High Income Opportunity Fund Price Performance

HIO stock opened at $3.54 on Friday. The firm has a fifty day moving average price of $3.73 and a 200 day moving average price of $3.78. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $4.05.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.0355 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset High Income Opportunity Fund Profile

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.