Raymond James Financial Inc. Makes New Investment in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Raymond James Financial Inc. acquired a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 701,991 shares of the closed-end fund’s stock, valued at approximately $2,759,000.

Other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its holdings in Western Asset High Income Opportunity Fund by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock valued at $419,000 after acquiring an additional 3,584 shares during the period. Park Avenue Securities LLC grew its position in shares of Western Asset High Income Opportunity Fund by 32.1% during the fourth quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock worth $64,000 after purchasing an additional 3,951 shares in the last quarter. Choreo LLC bought a new stake in Western Asset High Income Opportunity Fund during the 4th quarter valued at approximately $58,000. Encompass More Asset Management purchased a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth approximately $62,000. Finally, Fourpath Capital Management LLC purchased a new position in Western Asset High Income Opportunity Fund in the 4th quarter worth approximately $61,000.

Western Asset High Income Opportunity Fund Stock Down 0.6 %

Shares of HIO opened at $4.00 on Friday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.15. The company has a 50 day simple moving average of $4.01 and a two-hundred day simple moving average of $3.99.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a dividend of $0.0355 per share. The ex-dividend date is Monday, March 24th. This represents a yield of 10.47%.

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.