Fourpath Capital Management LLC Buys Shares of 15,466 Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Fourpath Capital Management LLC purchased a new position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,466 shares of the closed-end fund’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HIO. Capital Investment Advisors LLC lifted its holdings in Western Asset High Income Opportunity Fund by 3.1% during the fourth quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock worth $13,818,000 after buying an additional 105,435 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 32.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock worth $12,011,000 after purchasing an additional 722,483 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the third quarter valued at about $4,858,000. Chicago Partners Investment Group LLC grew its stake in Western Asset High Income Opportunity Fund by 8.1% in the third quarter. Chicago Partners Investment Group LLC now owns 551,872 shares of the closed-end fund’s stock valued at $2,196,000 after purchasing an additional 41,420 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Western Asset High Income Opportunity Fund by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after purchasing an additional 6,000 shares in the last quarter.

Western Asset High Income Opportunity Fund Price Performance

HIO stock opened at $4.00 on Wednesday. The firm has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $3.96. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.69 and a one year high of $4.07.

Western Asset High Income Opportunity Fund Increases Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 27th were paid a $0.0355 dividend. This represents a yield of 10.81%. This is an increase from Western Asset High Income Opportunity Fund’s previous dividend of $0.03. The ex-dividend date was Friday, January 24th.

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.