Sequoia Financial Advisors LLC Buys Shares of 10,000 Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Sequoia Financial Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the closed-end fund’s stock, valued at approximately $40,000.

A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in Western Asset High Income Opportunity Fund by 65.6% during the 2nd 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 purchasing an additional 719,434 shares during the period. Raymond James & Associates boosted its holdings in shares of Western Asset High Income Opportunity Fund by 170.4% during the second quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock valued at $2,352,000 after acquiring an additional 389,067 shares during the period. City of London Investment Management Co. Ltd. grew its position in shares of Western Asset High Income Opportunity Fund by 44.4% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,025,343 shares of the closed-end fund’s stock worth $3,999,000 after acquiring an additional 315,213 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the first quarter worth about $1,002,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 4.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,410,702 shares of the closed-end fund’s stock worth $13,813,000 after acquiring an additional 136,419 shares during the period.

Western Asset High Income Opportunity Fund Price Performance

Western Asset High Income Opportunity Fund stock opened at $3.95 on Thursday. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.61 and a 52-week high of $4.07. The firm has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $3.88.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0355 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.43 annualized dividend and a dividend yield of 10.78%.

Western Asset High Income Opportunity Fund 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.