20,670 Shares in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,670 shares of the closed-end fund’s stock, valued at approximately $79,000.

Several other institutional investors also recently bought and sold shares of HIO. Wolverine Asset Management LLC purchased a new position in Western Asset High Income Opportunity Fund in the 2nd quarter worth approximately $185,000. Kelleher Financial Advisors purchased a new position in Western Asset High Income Opportunity Fund in the 2nd quarter worth approximately $97,000. Allspring Global Investments Holdings LLC lifted its stake in Western Asset High Income Opportunity Fund by 65.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock worth $6,917,000 after purchasing an additional 719,434 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Western Asset High Income Opportunity Fund by 23.0% in the 2nd quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Western Asset High Income Opportunity Fund by 170.4% in the 2nd quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock worth $2,352,000 after purchasing an additional 389,067 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Up 0.3 %

HIO stock opened at $3.98 on Wednesday. The firm’s 50 day moving average price is $3.91 and its 200-day moving average price is $3.86. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.52 and a one year high of $4.03.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be given a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date is Monday, September 23rd.

Western Asset High Income Opportunity Fund Company 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.