Prevail Innovative Wealth Advisors LLC Increases Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Prevail Innovative Wealth Advisors LLC increased its stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 19.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 308,778 shares of the closed-end fund’s stock after purchasing an additional 49,252 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HIO. Avantax Advisory Services Inc. purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter worth $43,000. Independent Advisor Alliance purchased a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $44,000. Jackson Hole Capital Partners LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $54,000. Choreo LLC bought a new position in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $58,000. Finally, Encompass More Asset Management purchased a new stake in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $62,000.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE:HIO opened at $4.00 on Friday. The business 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 Inc. has a 1 year low of $3.69 and a 1 year high of $4.15.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.0355 dividend. This represents a yield of 10.47%. The ex-dividend date of this dividend is Monday, March 24th.

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.