Raymond James Financial Inc. Takes Position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Raymond James Financial Inc. bought a new position in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 709,971 shares of the company’s stock, valued at approximately $8,392,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC bought a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $65,000. Jones Financial Companies Lllp increased its position in Western Asset High Yield Defined Opportunity Fund by 151.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,580 shares of the company’s stock worth $149,000 after acquiring an additional 7,574 shares during the period. Concurrent Investment Advisors LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 25.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 15,138 shares of the company’s stock worth $179,000 after acquiring an additional 3,091 shares during the period. RVW Wealth LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 41.7% during the fourth quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock worth $327,000 after acquiring an additional 8,123 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at $707,000.

Western Asset High Yield Defined Opportunity Fund Price Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $11.97 on Friday. The company’s fifty day moving average price is $12.02 and its two-hundred day moving average price is $12.09. Western Asset High Yield Defined Opportunity Fund Inc. has a 52-week low of $11.38 and a 52-week high of $12.44.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Western Asset High Yield Defined Opportunity Fund 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.