Capital Investment Advisors LLC Reduces Stake in Western Asset High Income Opportunity Fund Inc. $HIO

Capital Investment Advisors LLC reduced its stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,889,829 shares of the closed-end fund’s stock after selling 226,091 shares during the quarter. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $10,721,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HIO. Penserra Capital Management LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 16.3% in the 3rd quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock worth $5,488,000 after acquiring an additional 200,675 shares during the last quarter. Invesco Ltd. grew its position in Western Asset High Income Opportunity Fund by 1.3% in the 3rd quarter. Invesco Ltd. now owns 1,019,607 shares of the closed-end fund’s stock valued at $3,915,000 after acquiring an additional 13,110 shares during the last quarter. UBS Group AG increased its stake in Western Asset High Income Opportunity Fund by 59.7% in the third quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock worth $2,892,000 after purchasing an additional 281,615 shares during the period. Raymond James Financial Inc. increased its stake in Western Asset High Income Opportunity Fund by 3.2% in the third quarter. Raymond James Financial Inc. now owns 707,833 shares of the closed-end fund’s stock worth $2,718,000 after purchasing an additional 21,669 shares during the period. Finally, Kanen Wealth Management LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 77.4% during the third quarter. Kanen Wealth Management LLC now owns 697,018 shares of the closed-end fund’s stock worth $2,677,000 after purchasing an additional 304,100 shares during the last quarter.

Western Asset High Income Opportunity Fund Price Performance

Shares of HIO opened at $3.54 on Friday. The firm has a fifty day moving average price of $3.73 and a 200-day moving average price of $3.78. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.36 and a 12-month high of $4.05.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.0355 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 12.1%.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.