Pin Oak Investment Advisors Inc. Grows Stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Pin Oak Investment Advisors Inc. raised its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256,468 shares of the closed-end fund’s stock after buying an additional 28,060 shares during the quarter. Western Asset High Income Opportunity Fund comprises 0.9% of Pin Oak Investment Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Pin Oak Investment Advisors Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $1,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund in the third quarter worth $40,000. Pathway Financial Advisers LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 2.2% in the 2nd quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after purchasing an additional 5,682 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth about $63,000. Wolverine Asset Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the 2nd quarter valued at about $185,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Western Asset High Income Opportunity Fund by 65.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock valued at $6,917,000 after buying an additional 719,434 shares during the period.

Western Asset High Income Opportunity Fund Stock Performance

Shares of HIO opened at $3.95 on Thursday. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.69 and a one year high of $4.07. The company has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $3.91.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.43 dividend on an annualized basis and a yield of 10.78%.

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.