Pin Oak Investment Advisors Inc. Purchases Shares of 233,058 Western Asset High Income Fund II Inc. $HIX

Pin Oak Investment Advisors Inc. acquired a new position in Western Asset High Income Fund II Inc. (NYSE:HIX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 233,058 shares of the closed-end fund’s stock, valued at approximately $848,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HIX. Comerica Bank lifted its stake in Western Asset High Income Fund II by 134.1% in the first quarter. Comerica Bank now owns 9,369 shares of the closed-end fund’s stock worth $39,000 after purchasing an additional 5,367 shares during the last quarter. Jane Street Group LLC purchased a new stake in Western Asset High Income Fund II during the first quarter valued at about $64,000. Cetera Investment Advisers grew its stake in shares of Western Asset High Income Fund II by 4.9% during the second quarter. Cetera Investment Advisers now owns 67,237 shares of the closed-end fund’s stock valued at $288,000 after buying an additional 3,112 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Western Asset High Income Fund II by 288.4% in the second quarter. Geneos Wealth Management Inc. now owns 11,531 shares of the closed-end fund’s stock worth $49,000 after buying an additional 8,562 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Western Asset High Income Fund II in the 3rd quarter valued at about $45,000.

Western Asset High Income Fund II Stock Performance

Shares of HIX stock opened at $3.90 on Friday. Western Asset High Income Fund II Inc. has a 1-year low of $3.75 and a 1-year high of $4.40. The business has a 50-day moving average of $3.94 and a 200 day moving average of $3.99.

Western Asset High Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.049 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a yield of 15.1%.

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.