Horizon Kinetics Asset Management LLC Acquires New Stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Horizon Kinetics Asset Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,072 shares of the closed-end fund’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $40,000. Litman Gregory Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $57,000. Sanctuary Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 2nd quarter worth $59,000. Cetera Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 1st quarter worth $63,000. Finally, Raymond James Trust N.A. grew its stake in Western Asset High Income Opportunity Fund by 23.0% during the 2nd quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares in the last quarter.

Western Asset High Income Opportunity Fund Price Performance

HIO opened at $3.95 on Wednesday. Western Asset High Income Opportunity Fund Inc. has a 12 month low of $3.69 and a 12 month high of $4.07. The business has a fifty day moving average price of $3.99 and a 200 day moving average price of $3.91.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.0355 per share. The ex-dividend date is Monday, December 23rd. This represents a $0.43 annualized dividend and a dividend yield of 10.78%.

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.