Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Below 200-Day Moving Average of $4.55

Western Asset High Income Fund II Inc. (NYSE:HIX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.55 and traded as low as $4.37. Western Asset High Income Fund II shares last traded at $4.39, with a volume of 328,185 shares.

Western Asset High Income Fund II Stock Performance

The company has a fifty day simple moving average of $4.42 and a 200-day simple moving average of $4.55.

Western Asset High Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.049 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 13.39%.

Hedge Funds Weigh In On Western Asset High Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Western Asset High Income Fund II by 1.9% in the third quarter. UBS Group AG now owns 2,516,846 shares of the closed-end fund’s stock worth $11,225,000 after buying an additional 47,964 shares during the period. Raymond James & Associates grew its holdings in shares of Western Asset High Income Fund II by 4.8% during the fourth quarter. Raymond James & Associates now owns 260,974 shares of the closed-end fund’s stock valued at $1,294,000 after buying an additional 11,947 shares in the last quarter. Significant Wealth Partners LLC purchased a new position in shares of Western Asset High Income Fund II during the fourth quarter valued at $711,000. Wolverine Asset Management LLC purchased a new position in shares of Western Asset High Income Fund II during the third quarter valued at $219,000. Finally, PFG Investments LLC purchased a new position in shares of Western Asset High Income Fund II during the first quarter valued at $154,000.

About Western Asset High Income Fund II

Western Asset High Income Fund II 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.