Commonwealth Equity Services LLC Sells 2,659 Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Commonwealth Equity Services LLC reduced its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 3.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,212 shares of the closed-end fund’s stock after selling 2,659 shares during the period. Commonwealth Equity Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Samalin Investment Counsel LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 2nd quarter worth about $32,000. Bank of New York Mellon Corp purchased a new stake in Western Asset High Income Opportunity Fund in the 2nd quarter valued at about $143,000. Integrated Capital Management Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 11.6% in the 2nd quarter. Integrated Capital Management Inc. now owns 31,229 shares of the closed-end fund’s stock valued at $164,000 after purchasing an additional 3,235 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 133.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 35,000 shares of the closed-end fund’s stock valued at $181,000 after purchasing an additional 20,000 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Western Asset High Income Opportunity Fund by 42.4% during the 2nd quarter. LPL Financial LLC now owns 45,231 shares of the closed-end fund’s stock worth $239,000 after acquiring an additional 13,470 shares in the last quarter.

HIO stock opened at $4.96 on Friday. The firm’s fifty day simple moving average is $5.11 and its 200-day simple moving average is $5.20. Western Asset High Income Opportunity Fund Inc. has a 12 month low of $4.88 and a 12 month high of $5.43.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Friday, February 18th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Thursday, February 17th.

Western Asset High Income Opportunity Fund 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.

Recommended Story: Learning About the VIX – Volatility Index

Want to see what other hedge funds are holding HIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset High Income Opportunity Fund Inc. (NYSE:HIO).

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

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