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:HIX – Get 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.

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