Western Asset High Income Fund II (NYSE:HIX) Shares Pass Above 50-Day Moving Average of $4.41

Western Asset High Income Fund II Inc. (NYSE:HIX) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.41 and traded as high as $4.44. Western Asset High Income Fund II shares last traded at $4.44, with a volume of 566,897 shares changing hands.

Western Asset High Income Fund II Stock Performance

The business’s 50-day simple moving average is $4.41 and its two-hundred day simple moving average is $4.51.

Western Asset High Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be given a dividend of $0.049 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.59 dividend on an annualized basis and a yield of 13.24%.

Institutional Trading of Western Asset High Income Fund II

Several large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its stake in shares of Western Asset High Income Fund II by 4.8% in the fourth quarter. Raymond James & Associates now owns 260,974 shares of the closed-end fund’s stock valued at $1,294,000 after buying an additional 11,947 shares in the last quarter. Significant Wealth Partners LLC acquired a new stake in Western Asset High Income Fund II in the fourth quarter valued at approximately $711,000. Nomura Holdings Inc. purchased a new stake in shares of Western Asset High Income Fund II during the fourth quarter valued at approximately $112,000. PFG Investments LLC acquired a new position in shares of Western Asset High Income Fund II during the first quarter worth $154,000. Finally, Hartline Investment Corp purchased a new position in shares of Western Asset High Income Fund II in the first quarter valued at $48,000.

Western Asset High Income Fund II Company Profile

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.