Raymond James & Associates Has $857,000 Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Raymond James & Associates lessened its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,923 shares of the closed-end fund’s stock after selling 29,460 shares during the period. Raymond James & Associates’ holdings in Western Asset High Income Opportunity Fund were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth about $49,000. Reuter James Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the third quarter worth about $56,000. Landscape Capital Management L.L.C. grew its stake in Western Asset High Income Opportunity Fund by 44.4% during the third quarter. Landscape Capital Management L.L.C. now owns 29,149 shares of the closed-end fund’s stock worth $106,000 after buying an additional 8,966 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 105.6% during the third quarter. Wolverine Asset Management LLC now owns 43,813 shares of the closed-end fund’s stock worth $159,000 after buying an additional 22,498 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the third quarter valued at approximately $165,000.

Western Asset High Income Opportunity Fund Stock Performance

NYSE HIO opened at $3.73 on Tuesday. The stock’s 50 day simple moving average is $3.90 and its 200 day simple moving average is $3.84. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.52 and a one year high of $4.03.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be paid a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date is Wednesday, May 22nd.

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.