Western Asset High Income Fund II Inc. $HIX Stock Position Decreased by Shaker Financial Services LLC

Shaker Financial Services LLC cut its position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,653 shares of the closed-end fund’s stock after selling 147,306 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset High Income Fund II were worth $1,679,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. UBS Group AG increased its holdings in shares of Western Asset High Income Fund II by 13.1% during the 3rd quarter. UBS Group AG now owns 3,630,393 shares of the closed-end fund’s stock valued at $15,792,000 after acquiring an additional 420,852 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Western Asset High Income Fund II by 0.3% during the 3rd quarter. Penserra Capital Management LLC now owns 2,476,447 shares of the closed-end fund’s stock valued at $10,772,000 after acquiring an additional 6,949 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Western Asset High Income Fund II by 1.3% during the 3rd quarter. Invesco Ltd. now owns 962,436 shares of the closed-end fund’s stock valued at $4,187,000 after acquiring an additional 12,373 shares during the last quarter. NWF Advisory Services Inc. increased its holdings in shares of Western Asset High Income Fund II by 69.6% during the 3rd quarter. NWF Advisory Services Inc. now owns 417,800 shares of the closed-end fund’s stock valued at $1,817,000 after acquiring an additional 171,500 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Western Asset High Income Fund II by 12.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 323,689 shares of the closed-end fund’s stock valued at $1,408,000 after acquiring an additional 35,393 shares during the last quarter.

Western Asset High Income Fund II Price Performance

Shares of NYSE HIX opened at $4.10 on Friday. The business’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $4.15. Western Asset High Income Fund II Inc. has a 52 week low of $3.75 and a 52 week high of $4.40.

Western Asset High Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.