Kovitz Investment Group Partners LLC Cuts Stock Position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Kovitz Investment Group Partners LLC lowered its stake in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 25.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 44,285 shares of the company’s stock after selling 14,738 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth approximately $8,392,000. Guggenheim Capital LLC boosted 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 purchasing an additional 65,926 shares during the last quarter. Invesco Ltd. grew its holdings 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 buying an additional 25,306 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of Western Asset High Yield Defined Opportunity Fund by 11.7% in the fourth quarter. Shaker Financial Services LLC now owns 161,521 shares of the company’s stock valued at $1,909,000 after buying an additional 16,943 shares during the last quarter. Finally, RVW Wealth LLC lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 41.7% in the fourth quarter. RVW Wealth LLC now owns 27,623 shares of the company’s stock worth $327,000 after buying an additional 8,123 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.6 %

Shares of NYSE HYI opened at $11.74 on Friday. Western Asset High Yield Defined Opportunity Fund Inc. has a 12-month low of $11.05 and a 12-month high of $12.44. The company has a 50-day moving average of $11.75 and a 200 day moving average of $11.96.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given 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.