Wedbush Securities Inc. Reduces Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Wedbush Securities Inc. reduced its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 32.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,843 shares of the closed-end fund’s stock after selling 5,571 shares during the quarter. Wedbush Securities Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $47,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 9.5% in the fourth quarter. Sit Investment Associates Inc. now owns 1,255,712 shares of the closed-end fund’s stock worth $4,935,000 after buying an additional 108,624 shares during the last quarter. Wells Fargo & Company MN raised its stake in Western Asset High Income Opportunity Fund by 7.3% in the 4th quarter. Wells Fargo & Company MN now owns 666,124 shares of the closed-end fund’s stock worth $2,618,000 after acquiring an additional 45,585 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in Western Asset High Income Opportunity Fund by 19.0% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 308,778 shares of the closed-end fund’s stock worth $1,213,000 after acquiring an additional 49,252 shares during the period. FCA Corp TX grew its stake in Western Asset High Income Opportunity Fund by 8.0% during the 4th quarter. FCA Corp TX now owns 1,089,059 shares of the closed-end fund’s stock valued at $4,280,000 after purchasing an additional 80,751 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 256.1% in the fourth quarter. LPL Financial LLC now owns 277,938 shares of the closed-end fund’s stock valued at $1,092,000 after purchasing an additional 199,893 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE:HIO opened at $3.71 on Friday. The business has a 50-day moving average price of $3.97 and a 200-day moving average price of $3.97. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.36 and a 52-week high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.0355 per share. This represents a yield of 10.47%. The ex-dividend date was Monday, March 24th.

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.