Western Asset High Income Fund II (NYSE:HIX) Shares Pass Above Fifty Day Moving Average of $5.19

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.19 and traded as high as $5.51. Western Asset High Income Fund II shares last traded at $5.50, with a volume of 194,354 shares.

Western Asset High Income Fund II Trading Up 0.3 %

The stock has a 50 day moving average of $5.19 and a 200-day moving average of $5.09.

Western Asset High Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 24th will be given a dividend of $0.049 per share. This represents a $0.59 dividend on an annualized basis and a yield of 10.69%. The ex-dividend date is Monday, January 23rd.

Institutional Investors Weigh In On Western Asset High Income Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of HIX. Raymond James & Associates raised its position in Western Asset High Income Fund II by 8.6% during the 1st quarter. Raymond James & Associates now owns 107,354 shares of the closed-end fund’s stock valued at $646,000 after purchasing an additional 8,492 shares in the last quarter. Private Advisor Group LLC bought a new stake in Western Asset High Income Fund II during the 1st quarter valued at $64,000. Baird Financial Group Inc. raised its position in Western Asset High Income Fund II by 2.2% during the 1st quarter. Baird Financial Group Inc. now owns 183,499 shares of the closed-end fund’s stock valued at $1,105,000 after purchasing an additional 3,937 shares in the last quarter. NewEdge Advisors LLC raised its position in Western Asset High Income Fund II by 4.4% during the 1st quarter. NewEdge Advisors LLC now owns 111,100 shares of the closed-end fund’s stock valued at $669,000 after purchasing an additional 4,700 shares in the last quarter. Finally, UBS Group AG raised its position in Western Asset High Income Fund II by 5.3% during the 1st quarter. UBS Group AG now owns 1,915,095 shares of the closed-end fund’s stock valued at $11,528,000 after purchasing an additional 95,573 shares in the last quarter.

About Western Asset High Income Fund II

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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.