Strategic Financial Concepts LLC Takes Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Strategic Financial Concepts LLC bought a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,829 shares of the closed-end fund’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Choreo LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at approximately $58,000. Fourpath Capital Management LLC bought a new position in Western Asset High Income Opportunity Fund in the 4th quarter worth approximately $61,000. Park Avenue Securities LLC boosted its holdings in Western Asset High Income Opportunity Fund by 32.1% in the 4th quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock worth $64,000 after buying an additional 3,951 shares during the period. Capital Investment Advisors LLC boosted its holdings in Western Asset High Income Opportunity Fund by 3.1% in the 4th quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock worth $13,818,000 after buying an additional 105,435 shares during the period. Finally, Encompass More Asset Management bought a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth approximately $62,000.

Western Asset High Income Opportunity Fund Stock Down 0.7 %

HIO opened at $4.00 on Friday. The company has a 50 day moving average of $3.96 and a 200 day moving average of $3.97. Western Asset High Income Opportunity Fund Inc. has a 12 month low of $3.69 and a 12 month high of $4.07.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 22nd will be issued a $0.0355 dividend. This represents a $0.43 annualized dividend and a yield of 10.65%. The ex-dividend date of this dividend is Thursday, May 22nd.

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.