Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.17 and traded as high as $4.22. Western Asset High Income Fund II shares last traded at $4.2050, with a volume of 293,819 shares.

Western Asset High Income Fund II Stock Up 0.4%

The firm’s 50 day moving average is $4.17 and its 200-day moving average is $4.24.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.049 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Integrity Advisory Solutions LLC boosted its position in Western Asset High Income Fund II by 19.7% during the fourth quarter. Integrity Advisory Solutions LLC now owns 20,850 shares of the closed-end fund’s stock worth $87,000 after purchasing an additional 3,438 shares during the period. Clearstead Advisors LLC lifted its stake in shares of Western Asset High Income Fund II by 26.3% in the fourth quarter. Clearstead Advisors LLC now owns 39,054 shares of the closed-end fund’s stock worth $162,000 after buying an additional 8,127 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Western Asset High Income Fund II by 187.1% during the 4th quarter. Global Retirement Partners LLC now owns 14,441 shares of the closed-end fund’s stock worth $60,000 after buying an additional 9,411 shares during the period. AlphaCore Capital LLC grew its stake in Western Asset High Income Fund II by 4.7% in the 4th quarter. AlphaCore Capital LLC now owns 60,686 shares of the closed-end fund’s stock valued at $252,000 after buying an additional 2,718 shares during the last quarter. Finally, World Investment Advisors acquired a new position in Western Asset High Income Fund II in the 4th quarter valued at $418,000.

Western Asset High Income Fund II Company Profile

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.