Shaker Financial Services LLC Acquires New Holdings in Western Asset High Income Opportunity Fund Inc. $HIO

Shaker Financial Services LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 199,744 shares of the closed-end fund’s stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stratos Wealth Partners LTD. lifted its holdings in Western Asset High Income Opportunity Fund by 72.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 59,675 shares of the closed-end fund’s stock valued at $238,000 after acquiring an additional 25,008 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Western Asset High Income Opportunity Fund by 14.1% in the 1st quarter. HighTower Advisors LLC now owns 21,071 shares of the closed-end fund’s stock valued at $84,000 after acquiring an additional 2,603 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Western Asset High Income Opportunity Fund by 37.2% in the 2nd quarter. Park Avenue Securities LLC now owns 22,662 shares of the closed-end fund’s stock valued at $90,000 after acquiring an additional 6,149 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the second quarter valued at $194,000. Finally, Choreo LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 30.9% in the first quarter. Choreo LLC now owns 19,448 shares of the closed-end fund’s stock valued at $77,000 after buying an additional 4,593 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Up 0.1%

NYSE HIO opened at $3.85 on Monday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.36 and a 1 year high of $4.15. The business’s fifty day moving average is $3.90 and its two-hundred day moving average is $3.91.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be issued a $0.0355 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 11.1%.

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.