RFG Advisory LLC Sells 172,370 Shares of Western Asset High Income Opportunity Fund Inc. $HIO

RFG Advisory LLC decreased its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 35.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 309,589 shares of the closed-end fund’s stock after selling 172,370 shares during the period. RFG Advisory LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,189,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in Western Asset High Income Opportunity Fund by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after buying an additional 5,080 shares during the period. Penserra Capital Management LLC boosted its position in Western Asset High Income Opportunity Fund by 16.3% during the 3rd quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock valued at $5,488,000 after acquiring an additional 200,675 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Western Asset High Income Opportunity Fund by 23.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 319,730 shares of the closed-end fund’s stock valued at $1,221,000 after acquiring an additional 61,432 shares in the last quarter. Samalin Investment Counsel LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter valued at $80,000. Finally, High Net Worth Advisory Group LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $86,000.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO opened at $3.80 on Thursday. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $3.36 and a 1-year high of $4.15. The business has a fifty day moving average price of $3.75 and a 200 day moving average price of $3.83.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0355 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset High Income Opportunity Fund Company 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.