Raymond James Financial Services Advisors Inc. Sells 12,888 Shares of Western Asset High Income Fund II Inc. (NYSE:HIX)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,249 shares of the closed-end fund’s stock after selling 12,888 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset High Income Fund II were worth $95,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jump Financial LLC bought a new position in Western Asset High Income Fund II during the third quarter worth $46,000. Landscape Capital Management L.L.C. acquired a new stake in Western Asset High Income Fund II in the third quarter worth $58,000. Wolverine Asset Management LLC acquired a new stake in Western Asset High Income Fund II in the third quarter worth $219,000. Raymond James & Associates grew its holdings in Western Asset High Income Fund II by 4.5% in the third quarter. Raymond James & Associates now owns 249,027 shares of the closed-end fund’s stock worth $1,111,000 after purchasing an additional 10,826 shares during the period. Finally, UBS Group AG grew its holdings in Western Asset High Income Fund II by 1.9% in the third quarter. UBS Group AG now owns 2,516,846 shares of the closed-end fund’s stock worth $11,225,000 after purchasing an additional 47,964 shares during the period.

Western Asset High Income Fund II Stock Performance

NYSE:HIX opened at $4.29 on Friday. The firm has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $4.55. Western Asset High Income Fund II Inc. has a 12 month low of $4.16 and a 12 month high of $5.07.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be issued a $0.049 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 13.72%. The ex-dividend date of this dividend is Wednesday, May 22nd.

About Western Asset High Income Fund II

Western Asset High Income Fund II 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.