MML Investors Services LLC Cuts Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

MML Investors Services LLC decreased its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 33.9% in the third quarter, Holdings Channel.com reports. The firm owned 24,654 shares of the closed-end fund’s stock after selling 12,647 shares during the period. MML Investors Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $100,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of Western Asset High Income Opportunity Fund by 170.4% in the 2nd quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock worth $2,352,000 after buying an additional 389,067 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Western Asset High Income Opportunity Fund by 23.0% in the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after acquiring an additional 3,361 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 65.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock worth $6,917,000 after acquiring an additional 719,434 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the second quarter valued at $185,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter worth about $79,000.

Western Asset High Income Opportunity Fund Trading Down 0.5 %

Shares of Western Asset High Income Opportunity Fund stock opened at $3.94 on Friday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.07. The firm’s 50-day moving average is $3.96 and its 200 day moving average is $3.94.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a $0.0355 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.43 annualized dividend and a dividend yield of 10.81%.

Western Asset High Income Opportunity Fund Company 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.