Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Stock Position Raised by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,637 shares of the company’s stock after acquiring an additional 1,321 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $247,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 498,754 shares of the company’s stock worth $5,965,000 after buying an additional 1,972 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 66,894 shares of the company’s stock worth $809,000 after buying an additional 2,160 shares during the period. Gilman Hill Asset Management LLC boosted its position in shares of Western Asset High Yield Defined Opportunity Fund by 8.1% in the first quarter. Gilman Hill Asset Management LLC now owns 33,175 shares of the company’s stock worth $397,000 after buying an additional 2,500 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the first quarter worth $83,000. Finally, Catalytic Wealth RIA LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the fourth quarter worth $149,000.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock traded up $0.06 during midday trading on Friday, hitting $11.81. The company’s stock had a trading volume of 18,587 shares, compared to its average volume of 59,180. The stock has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $11.81. Western Asset High Yield Defined Opportunity Fund Inc. has a 1-year low of $10.99 and a 1-year high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $1.14 annualized dividend and a dividend yield of 9.65%.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.