Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lessened its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,747 shares of the closed-end fund’s stock after selling 3,340 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Penserra Capital Management LLC purchased a new position in Western Asset High Income Opportunity Fund during the third quarter worth about $4,858,000. Avior Wealth Management LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 25.7% in the 3rd quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock worth $115,000 after acquiring an additional 5,802 shares during the last quarter. Pathstone Holdings LLC boosted its position 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 period. Thrivent Financial for Lutherans increased its holdings in Western Asset High Income Opportunity Fund by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock valued at $2,152,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Fiera Capital Corp raised its position in Western Asset High Income Opportunity Fund by 8.4% in the third quarter. Fiera Capital Corp now owns 491,789 shares of the closed-end fund’s stock valued at $1,992,000 after purchasing an additional 37,932 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

NYSE:HIO opened at $3.98 on Tuesday. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.69 and a 52 week high of $4.07. The stock’s fifty day moving average is $3.99 and its two-hundred day moving average is $3.91.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.72%. The ex-dividend date is Monday, December 23rd.

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.