Pin Oak Investment Advisors Inc. Grows Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Pin Oak Investment Advisors Inc. boosted its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,468 shares of the closed-end fund’s stock after purchasing an additional 28,060 shares during the period. Western Asset High Income Opportunity Fund makes up approximately 0.9% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 22nd largest position. Pin Oak Investment Advisors Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $1,038,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth approximately $40,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth $41,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $57,000. Sanctuary Advisors LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 2nd quarter worth $59,000. Finally, Cetera Advisors LLC bought a new position in Western Asset High Income Opportunity Fund in the 1st quarter worth $63,000.

Western Asset High Income Opportunity Fund Price Performance

NYSE:HIO opened at $3.95 on Thursday. The stock has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $3.91. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.69 and a 52-week high of $4.07.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.0355 dividend. This represents a $0.43 annualized dividend and a yield of 10.78%. The ex-dividend date of this dividend is Monday, December 23rd.

About Western Asset High Income Opportunity Fund

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.