Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 5.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 210,670 shares of the closed-end fund’s stock after selling 11,715 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter worth about $50,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter worth about $90,000. Quadrature Capital Ltd acquired a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter worth approximately $99,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Western Asset High Income Opportunity Fund by 15.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 28,990 shares of the closed-end fund’s stock valued at $112,000 after purchasing an additional 3,967 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in Western Asset High Income Opportunity Fund by 12.3% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 40,362 shares of the closed-end fund’s stock worth $156,000 after purchasing an additional 4,413 shares during the last quarter.

Western Asset High Income Opportunity Fund Trading Up 0.8 %

Shares of HIO opened at $3.84 on Tuesday. The company’s fifty day moving average is $3.78 and its two-hundred day moving average is $3.86. Western Asset High Income Opportunity Fund Inc. has a fifty-two week low of $3.52 and a fifty-two week high of $4.03.

Western Asset High Income Opportunity Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.036 per share. The ex-dividend date is Wednesday, July 24th. This is a positive change from Western Asset High Income Opportunity Fund’s previous monthly dividend of $0.04. This represents a $0.43 annualized dividend and a yield of 11.25%.

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.