Capital Investment Advisors LLC Raises Stock Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Capital Investment Advisors LLC lifted its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,516,137 shares of the closed-end fund’s stock after acquiring an additional 105,435 shares during the period. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $13,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIO. Sequoia Financial Advisors LLC purchased a new position in Western Asset High Income Opportunity Fund during the third quarter worth $40,000. Horizon Kinetics Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $41,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $57,000. Encompass More Asset Management purchased a new stake in Western Asset High Income Opportunity Fund in the third quarter worth $62,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the second quarter worth about $59,000.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE HIO remained flat at $3.93 during trading hours on Monday. The company had a trading volume of 182,477 shares, compared to its average volume of 529,558. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.69 and a 12-month high of $4.07. The company has a 50-day moving average price of $3.96 and a two-hundred day moving average price of $3.95.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.84%. The ex-dividend date is Friday, January 24th.

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.