Western Asset Global High Income Fund Inc. $EHI Shares Purchased by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC boosted its stake in shares of Western Asset Global High Income Fund Inc. (NYSE:EHI) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,620 shares of the company’s stock after purchasing an additional 156,485 shares during the period. Absolute Investment Advisers LLC’s holdings in Western Asset Global High Income Fund were worth $2,986,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Western Asset Global High Income Fund during the 2nd quarter valued at $53,000. Mosaic Family Wealth Partners LLC acquired a new position in shares of Western Asset Global High Income Fund during the 3rd quarter valued at $65,000. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Global High Income Fund during the 3rd quarter valued at $66,000. SeaCrest Wealth Management LLC acquired a new position in shares of Western Asset Global High Income Fund during the 4th quarter valued at $74,000. Finally, Merit Financial Group LLC lifted its holdings in shares of Western Asset Global High Income Fund by 16.2% during the 4th quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock valued at $78,000 after acquiring an additional 1,707 shares in the last quarter.

Western Asset Global High Income Fund Stock Performance

NYSE:EHI opened at $6.17 on Wednesday. The firm’s fifty day simple moving average is $6.22 and its 200 day simple moving average is $6.33. Western Asset Global High Income Fund Inc. has a twelve month low of $5.80 and a twelve month high of $6.70.

Western Asset Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.6%.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.