Tortoise Investment Management LLC Cuts Stock Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Tortoise Investment Management LLC reduced its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIOFree Report) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,674 shares of the closed-end fund’s stock after selling 120,838 shares during the quarter. Tortoise Investment Management LLC’s holdings in Western Asset High Income Opportunity Fund were worth $182,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HIO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Western Asset High Income Opportunity Fund by 15.9% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,990 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 3,967 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in Western Asset High Income Opportunity Fund by 12.3% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 40,362 shares of the closed-end fund’s stock worth $156,000 after purchasing an additional 4,413 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Western Asset High Income Opportunity Fund by 2.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 194,237 shares of the closed-end fund’s stock worth $750,000 after purchasing an additional 5,253 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Western Asset High Income Opportunity Fund by 2.2% during the third quarter. Raymond James & Associates now owns 251,383 shares of the closed-end fund’s stock valued at $915,000 after purchasing an additional 5,367 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in Western Asset High Income Opportunity Fund by 44.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,149 shares of the closed-end fund’s stock valued at $106,000 after purchasing an additional 8,966 shares during the last quarter.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO traded down $0.02 during mid-day trading on Friday, reaching $3.75. 466,225 shares of the company traded hands, compared to its average volume of 336,333. The stock has a fifty day simple moving average of $3.84 and a 200-day simple moving average of $3.86. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $4.03.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be given a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date is Wednesday, May 22nd.

Western Asset High Income Opportunity Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Western Asset High Income Opportunity Fund (NYSE:HIO)

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