Envestnet Asset Management Inc. Acquires 18,863 Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Envestnet Asset Management Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIOGet Rating) by 7.7% in the second quarter, HoldingsChannel.com reports. The fund owned 265,033 shares of the closed-end fund’s stock after purchasing an additional 18,863 shares during the period. Envestnet Asset Management Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $1,050,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HIO. Wolverine Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 1st quarter valued at about $819,000. Shaker Financial Services LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 134.4% during the 1st quarter. Shaker Financial Services LLC now owns 444,753 shares of the closed-end fund’s stock valued at $1,988,000 after buying an additional 255,047 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 22.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 46,361 shares of the closed-end fund’s stock valued at $207,000 after buying an additional 8,594 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 2,290.3% during the 1st quarter. Tortoise Investment Management LLC now owns 51,893 shares of the closed-end fund’s stock valued at $232,000 after buying an additional 49,722 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of Western Asset High Income Opportunity Fund by 32.9% during the 1st quarter. Fiera Capital Corp now owns 353,895 shares of the closed-end fund’s stock valued at $1,582,000 after buying an additional 87,515 shares in the last quarter.

Western Asset High Income Opportunity Fund Price Performance

Shares of NYSE HIO opened at $3.93 on Thursday. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $3.60 and a 1-year high of $5.23. The stock’s 50-day moving average is $3.80 and its 200 day moving average is $3.97.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 22nd will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, December 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.16%.

Western Asset High Income Opportunity Fund Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Western Asset High Income Opportunity Fund (NYSE:HIO)

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