Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC reduced its stake in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 29.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,327 shares of the company’s stock after selling 22,215 shares during the period. Rivernorth Capital Management LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the first quarter valued at $31,000. International Assets Investment Management LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 35.7% in the first quarter. International Assets Investment Management LLC now owns 8,634 shares of the company’s stock valued at $133,000 after acquiring an additional 2,271 shares in the last quarter. Citigroup Inc. raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 189.9% in the fourth quarter. Citigroup Inc. now owns 13,612 shares of the company’s stock valued at $210,000 after acquiring an additional 8,917 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV purchased a new position in Western Asset High Yield Defined Opportunity Fund in the first quarter valued at $238,000. Finally, LPL Financial LLC increased its holdings in Western Asset High Yield Defined Opportunity Fund by 9.6% in the fourth quarter. LPL Financial LLC now owns 15,784 shares of the company’s stock valued at $243,000 after buying an additional 1,389 shares during the last quarter.

NYSE:HYI opened at $15.75 on Thursday. The company has a fifty day simple moving average of $15.48. Western Asset High Yield Defined Opportunity Fund Inc. has a 12 month low of $13.83 and a 12 month high of $15.76.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 1st. Investors of record on Tuesday, August 24th will be issued a $0.0945 dividend. This represents a $1.13 annualized dividend and a yield of 7.20%. The ex-dividend date is Monday, August 23rd.

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.

See Also: Treasury Bonds

Institutional Ownership by Quarter for Western Asset High Yield Defined Opportunity Fund (NYSE:HYI)

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