Gilman Hill Asset Management LLC Increases Position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Gilman Hill Asset Management LLC boosted its stake in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,175 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Gilman Hill Asset Management LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HYI. Catalytic Wealth RIA LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth approximately $149,000. Stonebrook Private Inc. acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at about $154,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $234,000. SFI Advisors LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth about $297,000. Finally, Relative Value Partners Group LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $651,000.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of HYI stock opened at $11.68 on Wednesday. The firm has a 50-day moving average price of $11.57 and a 200 day moving average price of $11.83. Western Asset High Yield Defined Opportunity Fund Inc. has a twelve month low of $10.99 and a twelve month high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 9.76%. The ex-dividend date of this dividend is Wednesday, July 24th.

Western Asset High Yield Defined Opportunity Fund Profile

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.