Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,827 shares of the closed-end fund’s stock after selling 2,900 shares during the period. Uncommon Cents Investing LLC’s holdings in Western Asset High Income Opportunity Fund were worth $101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Weiss Asset Management LP acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $50,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Asset High Income Opportunity Fund by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 194,237 shares of the closed-end fund’s stock valued at $750,000 after purchasing an additional 5,253 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 10.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,095,947 shares of the closed-end fund’s stock worth $4,230,000 after buying an additional 100,000 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of Western Asset High Income Opportunity Fund by 12.3% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 40,362 shares of the closed-end fund’s stock valued at $156,000 after buying an additional 4,413 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Western Asset High Income Opportunity Fund by 5.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 498,992 shares of the closed-end fund’s stock valued at $1,956,000 after buying an additional 27,775 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO opened at $3.86 on Friday. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.52 and a one year high of $4.03. The business has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $3.86.

Western Asset High Income Opportunity Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be issued a dividend of $0.036 per share. This is a boost from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.04. This represents a $0.43 annualized dividend and a dividend yield of 11.19%. The ex-dividend date of this dividend is Wednesday, July 24th.

Western Asset High Income Opportunity Fund Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.