Gilman Hill Asset Management LLC Acquires 2,500 Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Gilman Hill Asset Management LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,175 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Prevail Innovative Wealth Advisors LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $234,000. Relative Value Partners Group LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at about $651,000. Catalytic Wealth RIA LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $149,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 66,894 shares of the company’s stock worth $809,000 after purchasing an additional 2,160 shares during the last quarter. Finally, Stonebrook Private Inc. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth about $154,000.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $11.68 on Wednesday. The stock has a 50 day moving average of $11.57 and a 200 day moving average of $11.83. Western Asset High Yield Defined Opportunity Fund Inc. has a 12 month low of $10.99 and a 12 month high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.76%.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.