1607 Capital Partners LLC Has $837,000 Stock Position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

1607 Capital Partners LLC lessened its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,828 shares of the company’s stock after selling 22,756 shares during the quarter. 1607 Capital Partners LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $837,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in Western Asset High Yield Defined Opportunity Fund by 17.3% during the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock worth $5,277,000 after buying an additional 65,926 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth approximately $8,392,000. Invesco Ltd. raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 57.1% during the fourth quarter. Invesco Ltd. now owns 69,646 shares of the company’s stock worth $823,000 after purchasing an additional 25,306 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 73,596 shares of the company’s stock worth $870,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Western Asset High Yield Defined Opportunity Fund by 151.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,580 shares of the company’s stock valued at $149,000 after purchasing an additional 7,574 shares during the period.

Western Asset High Yield Defined Opportunity Fund Stock Performance

HYI opened at $11.55 on Thursday. Western Asset High Yield Defined Opportunity Fund Inc. has a 1-year low of $11.05 and a 1-year high of $12.44. The company’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $12.02.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.095 dividend. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 9.52%.

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.