Stifel Financial Corp Cuts Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Stifel Financial Corp decreased its position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,609 shares of the closed-end fund’s stock after selling 6,799 shares during the period. Stifel Financial Corp’s holdings in Western Asset High Income Opportunity Fund were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its position in Western Asset High Income Opportunity Fund by 4.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,410,702 shares of the closed-end fund’s stock worth $13,813,000 after buying an additional 136,419 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 32.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock worth $12,011,000 after acquiring an additional 722,483 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Western Asset High Income Opportunity Fund by 65.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock valued at $6,917,000 after purchasing an additional 719,434 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $4,858,000. Finally, Raymond James & Associates grew its holdings in shares of Western Asset High Income Opportunity Fund by 170.4% during the 2nd quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock valued at $2,352,000 after purchasing an additional 389,067 shares during the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

Shares of HIO stock opened at $3.98 on Wednesday. The business has a 50-day moving average of $3.97 and a 200 day moving average of $3.93. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $3.69 and a 1-year high of $4.07.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.70%.

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.