GraniteShares Advisors LLC Purchases Shares of 663,931 Western Asset High Income Fund II Inc. $HIX

GraniteShares Advisors LLC acquired a new position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 663,931 shares of the closed-end fund’s stock, valued at approximately $2,762,000. Western Asset High Income Fund II comprises 1.7% of GraniteShares Advisors LLC’s holdings, making the stock its 7th largest position.

Several other hedge funds also recently modified their holdings of HIX. NWF Advisory Services Inc. increased its position in shares of Western Asset High Income Fund II by 69.6% in the third quarter. NWF Advisory Services Inc. now owns 417,800 shares of the closed-end fund’s stock valued at $1,817,000 after acquiring an additional 171,500 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Western Asset High Income Fund II during the fourth quarter valued at approximately $113,000. Sage Capital Advisors llc grew its stake in Western Asset High Income Fund II by 5.5% in the fourth quarter. Sage Capital Advisors llc now owns 69,918 shares of the closed-end fund’s stock valued at $291,000 after purchasing an additional 3,675 shares in the last quarter. Integrity Advisory Solutions LLC bought a new position in Western Asset High Income Fund II in the third quarter valued at approximately $76,000. Finally, Envestnet Asset Management Inc. grew its stake in Western Asset High Income Fund II by 69.9% in the third quarter. Envestnet Asset Management Inc. now owns 209,123 shares of the closed-end fund’s stock valued at $910,000 after purchasing an additional 86,043 shares in the last quarter.

Western Asset High Income Fund II Stock Down 0.9%

NYSE:HIX opened at $4.06 on Tuesday. Western Asset High Income Fund II Inc. has a twelve month low of $3.75 and a twelve month high of $4.40. The stock’s 50 day moving average price is $4.05 and its two-hundred day moving average price is $4.15.

Western Asset High Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.049 per share. This represents a c) dividend on an annualized basis and a yield of 14.5%. The ex-dividend date is Thursday, May 21st.

About Western Asset High Income Fund II

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.