Litman Gregory Wealth Management LLC Makes New Investment in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Litman Gregory Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 3rd quarter, Holdings Channel reports. The fund bought 14,000 shares of the closed-end fund’s stock, valued at approximately $57,000.

Several other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the third quarter worth approximately $40,000. Sanctuary Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 2nd quarter worth $59,000. Cetera Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth $63,000. Raymond James Trust N.A. grew its stake in shares of Western Asset High Income Opportunity Fund by 23.0% during the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in Western Asset High Income Opportunity Fund in the second quarter valued at about $79,000.

Western Asset High Income Opportunity Fund Trading Down 0.5 %

NYSE:HIO traded down $0.02 during mid-day trading on Wednesday, hitting $3.97. The company had a trading volume of 134,134 shares, compared to its average volume of 366,335. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $4.07. The business’s fifty day moving average is $3.98 and its two-hundred day moving average is $3.87.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be paid a $0.0355 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.73%.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.