Huntleigh Advisors Inc. Sells 52,568 Shares of Western Asset High Yield Defined Opportunity Fund Inc. $HYI

Huntleigh Advisors Inc. cut its holdings in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 328,429 shares of the company’s stock after selling 52,568 shares during the period. Huntleigh Advisors Inc.’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3,743.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 23,483 shares of the company’s stock valued at $275,000 after purchasing an additional 22,872 shares in the last quarter. Shaker Financial Services LLC lifted its stake in Western Asset High Yield Defined Opportunity Fund by 6.7% in the third quarter. Shaker Financial Services LLC now owns 41,825 shares of the company’s stock valued at $493,000 after buying an additional 2,624 shares in the last quarter. World Investment Advisors bought a new position in Western Asset High Yield Defined Opportunity Fund in the third quarter valued at approximately $139,000. Osaic Holdings Inc. boosted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 65.0% in the second quarter. Osaic Holdings Inc. now owns 20,792 shares of the company’s stock valued at $249,000 after buying an additional 8,189 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 9.9% during the second quarter. Bank of America Corp DE now owns 39,569 shares of the company’s stock worth $474,000 after acquiring an additional 3,562 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.1%

HYI stock opened at $11.12 on Wednesday. Western Asset High Yield Defined Opportunity Fund Inc. has a fifty-two week low of $10.87 and a fifty-two week high of $12.22. The business has a 50-day moving average of $11.11 and a 200-day moving average of $11.55.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.