Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 170.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,407 shares of the closed-end fund’s stock after acquiring an additional 389,067 shares during the period. Raymond James & Associates’ holdings in Western Asset High Income Opportunity Fund were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $50,000. Cetera Advisors LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the first quarter valued at about $63,000. Quadrature Capital Ltd purchased a new position in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth about $99,000. Chicago Partners Investment Group LLC increased its position in Western Asset High Income Opportunity Fund by 5.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 498,992 shares of the closed-end fund’s stock valued at $1,956,000 after acquiring an additional 27,775 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Western Asset High Income Opportunity Fund by 79.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 68,344 shares of the closed-end fund’s stock worth $267,000 after acquiring an additional 30,163 shares during the period.

Western Asset High Income Opportunity Fund Price Performance

NYSE:HIO opened at $3.98 on Tuesday. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.52 and a 12-month high of $4.03. The stock’s 50 day simple moving average is $3.89 and its 200-day simple moving average is $3.85.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be given a $0.0355 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.43 dividend on an annualized basis and a yield of 10.70%.

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.