Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 95.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,296 shares of the closed-end fund’s stock after selling 257,214 shares during the period. Park Avenue Securities LLC’s holdings in Western Asset High Income Opportunity Fund were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HIO. Quadrature Capital Ltd acquired a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $99,000. RFG Advisory LLC boosted its stake in Western Asset High Income Opportunity Fund by 63.0% in the first quarter. RFG Advisory LLC now owns 487,772 shares of the closed-end fund’s stock valued at $1,902,000 after acquiring an additional 188,510 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the first quarter worth about $139,000. Hartline Investment Corp purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter valued at about $139,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Western Asset High Income Opportunity Fund by 79.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 68,344 shares of the closed-end fund’s stock valued at $267,000 after purchasing an additional 30,163 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

NYSE:HIO opened at $4.01 on Tuesday. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.52 and a 52-week high of $4.07. The stock’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.87.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.62%. The ex-dividend date of this dividend is Thursday, October 24th.

About Western Asset High Income Opportunity Fund

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.