Western Asset High Income Fund II (NYSE:HIX) Stock Passes Below 50-Day Moving Average of $5.28

Western Asset High Income Fund II Inc. (NYSE:HIXGet Rating)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.28 and traded as low as $4.88. Western Asset High Income Fund II shares last traded at $4.94, with a volume of 198,115 shares changing hands.

The company’s fifty day moving average is $5.28 and its two-hundred day moving average is $6.05.

The business also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 24th will be given a $0.049 dividend. The ex-dividend date is Tuesday, August 23rd. This represents a $0.59 dividend on an annualized basis and a yield of 11.90%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James & Associates lifted its stake in shares of Western Asset High Income Fund II by 11.4% during the fourth quarter. Raymond James & Associates now owns 98,862 shares of the closed-end fund’s stock valued at $708,000 after buying an additional 10,113 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Western Asset High Income Fund II by 9.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 42,035 shares of the closed-end fund’s stock valued at $301,000 after acquiring an additional 3,676 shares during the period. Commonwealth Equity Services LLC grew its holdings in Western Asset High Income Fund II by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 353,235 shares of the closed-end fund’s stock valued at $2,529,000 after purchasing an additional 4,245 shares in the last quarter. Shulman DeMeo Asset Management LLC acquired a new stake in Western Asset High Income Fund II during the 4th quarter valued at $106,000. Finally, Samalin Investment Counsel LLC grew its holdings in Western Asset High Income Fund II by 6.1% during the 4th quarter. Samalin Investment Counsel LLC now owns 35,568 shares of the closed-end fund’s stock valued at $255,000 after purchasing an additional 2,042 shares in the last quarter.

About Western Asset High Income Fund II (NYSE:HIX)

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.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for Western Asset High Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset High Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.