625,000 Shares in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Bought by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. acquired a new position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) during the first quarter, Holdings Channel.com reports. The firm acquired 625,000 shares of the company’s stock, valued at approximately $7,388,000. Western Asset High Yield Defined Opportunity Fund makes up approximately 4.5% of Huntleigh Advisors Inc.’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at about $8,392,000. Guggenheim Capital LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock valued at $5,277,000 after purchasing an additional 65,926 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 11.7% in the 4th quarter. Shaker Financial Services LLC now owns 161,521 shares of the company’s stock valued at $1,909,000 after purchasing an additional 16,943 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake 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 valued at $870,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Western Asset High Yield Defined Opportunity Fund by 57.1% in the 4th quarter. Invesco Ltd. now owns 69,646 shares of the company’s stock valued at $823,000 after purchasing an additional 25,306 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Performance

Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $11.87 on Tuesday. The firm’s 50-day simple moving average is $11.69 and its 200-day simple moving average is $11.87. Western Asset High Yield Defined Opportunity Fund Inc. has a 1 year low of $11.05 and a 1 year high of $12.44.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a dividend yield of 9.6%.

Western Asset High Yield Defined Opportunity Fund 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.