Avantax Advisory Services Inc. Makes New Investment in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Avantax Advisory Services Inc. acquired a new stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,046 shares of the closed-end fund’s stock, valued at approximately $43,000.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $2,759,000. Capital Investment Advisors LLC boosted its position 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 purchasing an additional 105,435 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Western Asset High Income Opportunity Fund by 49.1% during the 4th quarter. Jones Financial Companies Lllp now owns 168,876 shares of the closed-end fund’s stock worth $664,000 after purchasing an additional 55,634 shares during the period. Pin Oak Investment Advisors Inc. increased its holdings in shares of Western Asset High Income Opportunity Fund by 12.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 256,468 shares of the closed-end fund’s stock valued at $1,038,000 after purchasing an additional 28,060 shares in the last quarter. Finally, Corps Capital Advisors LLC acquired a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $98,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO opened at $4.01 on Friday. The company’s fifty day moving average price is $4.01 and its 200 day moving average price is $3.99. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.0355 per share. This represents a dividend yield of 10.47%. The ex-dividend date is Monday, March 24th.

About Western Asset High Income Opportunity Fund

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.