Western Asset High Income Fund II (NYSE:HIX) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Western Asset High Income Fund II Inc. (NYSE:HIX)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.18 and traded as high as $4.30. Western Asset High Income Fund II shares last traded at $4.2750, with a volume of 457,654 shares trading hands.

Western Asset High Income Fund II Stock Performance

The company has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $4.24.

Western Asset High Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.049 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Friday, February 20th.

Institutional Trading of Western Asset High Income Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in Western Asset High Income Fund II by 10.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,986 shares of the closed-end fund’s stock worth $116,000 after purchasing an additional 2,639 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Western Asset High Income Fund II by 4.7% in the fourth quarter. AlphaCore Capital LLC now owns 60,686 shares of the closed-end fund’s stock valued at $252,000 after buying an additional 2,718 shares during the period. Wedbush Securities Inc. raised its position in shares of Western Asset High Income Fund II by 18.5% during the third quarter. Wedbush Securities Inc. now owns 18,691 shares of the closed-end fund’s stock worth $81,000 after acquiring an additional 2,914 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Western Asset High Income Fund II by 4.9% in the second quarter. Cetera Investment Advisers now owns 67,237 shares of the closed-end fund’s stock worth $288,000 after acquiring an additional 3,112 shares during the period. Finally, Integrity Advisory Solutions LLC lifted its stake in shares of Western Asset High Income Fund II by 19.7% in the fourth quarter. Integrity Advisory Solutions LLC now owns 20,850 shares of the closed-end fund’s stock worth $87,000 after acquiring an additional 3,438 shares during the period.

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.