Pathway Financial Advisers LLC Boosts Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Pathway Financial Advisers LLC grew its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 268,509 shares of the closed-end fund’s stock after acquiring an additional 5,952 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,087,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the first quarter valued at approximately $63,000. Wolverine Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the second quarter valued at approximately $185,000. Allspring Global Investments Holdings LLC boosted its position in shares of Western Asset High Income Opportunity Fund by 65.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock valued at $6,917,000 after purchasing an additional 719,434 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Western Asset High Income Opportunity Fund by 23.0% during the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock valued at $69,000 after purchasing an additional 3,361 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Western Asset High Income Opportunity Fund by 79.0% during the first quarter. Oppenheimer & Co. Inc. now owns 68,344 shares of the closed-end fund’s stock valued at $267,000 after purchasing an additional 30,163 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO opened at $3.95 on Thursday. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.61 and a twelve month high of $4.07. The stock’s 50 day moving average is $3.99 and its 200 day moving average is $3.88.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be given a dividend of $0.0355 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.43 annualized dividend and a dividend yield of 10.78%.

Western Asset High Income Opportunity Fund Company 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.