NWF Advisory Services Inc. Raises Stock Position in Western Asset High Income Fund II Inc. $HIX

NWF Advisory Services Inc. increased its stake in Western Asset High Income Fund II Inc. (NYSE:HIX) by 69.6% in the third quarter, Holdings Channel reports. The institutional investor owned 417,800 shares of the closed-end fund’s stock after acquiring an additional 171,500 shares during the quarter. NWF Advisory Services Inc.’s holdings in Western Asset High Income Fund II were worth $1,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HIX. Envestnet Asset Management Inc. boosted its position in shares of Western Asset High Income Fund II by 31.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 123,080 shares of the closed-end fund’s stock valued at $528,000 after purchasing an additional 29,433 shares during the period. Penserra Capital Management LLC lifted its position in shares of Western Asset High Income Fund II by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,469,498 shares of the closed-end fund’s stock worth $10,594,000 after purchasing an additional 72,993 shares during the last quarter. Total Wealth Planning & Management Inc. raised its stake in Western Asset High Income Fund II by 5.9% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 69,215 shares of the closed-end fund’s stock valued at $297,000 after purchasing an additional 3,870 shares during the last quarter. Rareview Capital LLC lifted its position in shares of Western Asset High Income Fund II by 8.5% in the 2nd quarter. Rareview Capital LLC now owns 381,889 shares of the closed-end fund’s stock worth $1,638,000 after acquiring an additional 29,992 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Western Asset High Income Fund II in the second quarter valued at about $71,000.

Western Asset High Income Fund II Stock Down 0.4%

NYSE HIX opened at $4.20 on Tuesday. Western Asset High Income Fund II Inc. has a 1-year low of $3.65 and a 1-year high of $4.42. The company has a 50 day moving average of $4.17 and a 200-day moving average of $4.25.

Western Asset High Income Fund II Dividend Announcement

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

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.