Western Asset High Income Fund II (NYSE:HIX) Share Price Crosses Above 50 Day Moving Average of $4.41

Western Asset High Income Fund II Inc. (NYSE:HIX)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.41 and traded as high as $4.44. Western Asset High Income Fund II shares last traded at $4.44, with a volume of 566,897 shares traded.

Western Asset High Income Fund II Price Performance

The firm has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.51.

Western Asset High Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be paid a $0.049 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.59 dividend on an annualized basis and a yield of 13.24%.

Institutional Trading of Western Asset High Income Fund II

Several hedge funds have recently bought and sold shares of the company. MRA Advisory Group lifted its holdings in Western Asset High Income Fund II by 25.7% in the first quarter. MRA Advisory Group now owns 23,816 shares of the closed-end fund’s stock worth $106,000 after purchasing an additional 4,874 shares during the period. Hartline Investment Corp acquired a new position in shares of Western Asset High Income Fund II during the first quarter valued at approximately $48,000. Raymond James & Associates raised its holdings in Western Asset High Income Fund II by 4.8% during the fourth quarter. Raymond James & Associates now owns 260,974 shares of the closed-end fund’s stock worth $1,294,000 after purchasing an additional 11,947 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Western Asset High Income Fund II in the fourth quarter worth approximately $112,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Western Asset High Income Fund II during the 1st quarter valued at $129,000.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.