HighTower Advisors LLC Takes Position in Western Asset High Income Fund II Inc. $HIX

HighTower Advisors LLC purchased a new stake in Western Asset High Income Fund II Inc. (NYSE:HIX) during the first quarter, Holdings Channel reports. The firm purchased 17,636 shares of the closed-end fund’s stock, valued at approximately $74,000.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset High Income Fund II in the 4th quarter valued at about $54,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Western Asset High Income Fund II by 9.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 210,655 shares of the closed-end fund’s stock valued at $881,000 after buying an additional 17,684 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Western Asset High Income Fund II by 1.7% in the 1st quarter. Invesco Ltd. now owns 984,945 shares of the closed-end fund’s stock valued at $4,117,000 after buying an additional 16,267 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Western Asset High Income Fund II by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 64,125 shares of the closed-end fund’s stock valued at $268,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Rareview Capital LLC raised its position in shares of Western Asset High Income Fund II by 77.4% in the 1st quarter. Rareview Capital LLC now owns 351,897 shares of the closed-end fund’s stock valued at $1,471,000 after purchasing an additional 153,544 shares during the last quarter.

Western Asset High Income Fund II Stock Up 0.3%

Shares of Western Asset High Income Fund II stock opened at $4.34 on Friday. The company has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.21. Western Asset High Income Fund II Inc. has a 52 week low of $3.65 and a 52 week high of $4.54.

Western Asset High Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be given a $0.049 dividend. This represents a c) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, October 24th.

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.