Wolverine Asset Management LLC Acquires 375,140 Shares of Western Asset High Income Opportunity Fund Inc. $HIO
by Teresa Graham · The Cerbat GemWolverine Asset Management LLC increased its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Free Report) by 141.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 640,496 shares of the closed-end fund’s stock after buying an additional 375,140 shares during the quarter. Wolverine Asset Management LLC’s holdings in Western Asset High Income Opportunity Fund were worth $2,376,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HIO. Merit Financial Group LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 20.7% during the 4th quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock valued at $75,000 after purchasing an additional 3,486 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 1.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 398,939 shares of the closed-end fund’s stock valued at $1,480,000 after purchasing an additional 4,559 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after purchasing an additional 5,000 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 131,959 shares of the closed-end fund’s stock valued at $507,000 after purchasing an additional 5,080 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Western Asset High Income Opportunity Fund by 15.7% during the 2nd quarter. Jane Street Group LLC now owns 40,270 shares of the closed-end fund’s stock valued at $160,000 after purchasing an additional 5,462 shares during the period.
Western Asset High Income Opportunity Fund Stock Performance
Western Asset High Income Opportunity Fund stock opened at $3.66 on Tuesday. The business has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.74. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.52 and a 52-week high of $4.05.
Western Asset High Income Opportunity Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Thursday, May 21st.
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.