City of London Investment Management Co. Ltd. Boosts Stock Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

City of London Investment Management Co. Ltd. raised its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIOFree Report) by 76.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 710,130 shares of the closed-end fund’s stock after acquiring an additional 306,600 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Western Asset High Income Opportunity Fund were worth $2,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HIO. Capital Investment Advisors LLC grew its holdings in shares of Western Asset High Income Opportunity Fund by 0.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,063,534 shares of the closed-end fund’s stock worth $11,825,000 after purchasing an additional 28,041 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Western Asset High Income Opportunity Fund by 10.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,095,947 shares of the closed-end fund’s stock worth $4,230,000 after acquiring an additional 100,000 shares during the period. FCA Corp TX increased its position in shares of Western Asset High Income Opportunity Fund by 3.4% during the third quarter. FCA Corp TX now owns 985,723 shares of the closed-end fund’s stock worth $3,588,000 after acquiring an additional 32,674 shares during the period. Raymond James & Associates raised its stake 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 acquiring an additional 5,367 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Western Asset High Income Opportunity Fund by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 194,237 shares of the closed-end fund’s stock valued at $750,000 after purchasing an additional 5,253 shares during the period.

Western Asset High Income Opportunity Fund Trading Up 0.8 %

HIO traded up $0.03 during trading on Tuesday, hitting $3.78. 380,336 shares of the stock were exchanged, compared to its average volume of 340,843. The firm has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $3.86. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.52 and a 1 year high of $4.03.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.0355 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.43 annualized dividend and a dividend yield of 11.27%.

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.

Further Reading

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

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