Avantax Advisory Services Inc. Invests $43,000 in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Avantax Advisory Services Inc. purchased a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,046 shares of the closed-end fund’s stock, valued at approximately $43,000.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $2,759,000. Capital Investment Advisors LLC increased its stake in Western Asset High Income Opportunity Fund by 3.1% in the 4th quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock worth $13,818,000 after buying an additional 105,435 shares during the period. Jones Financial Companies Lllp lifted its holdings in Western Asset High Income Opportunity Fund by 49.1% during the 4th quarter. Jones Financial Companies Lllp now owns 168,876 shares of the closed-end fund’s stock valued at $664,000 after buying an additional 55,634 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in Western Asset High Income Opportunity Fund by 12.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 256,468 shares of the closed-end fund’s stock valued at $1,038,000 after buying an additional 28,060 shares in the last quarter. Finally, Corps Capital Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund in the 4th quarter valued at about $98,000.

Western Asset High Income Opportunity Fund Stock Down 0.6 %

Shares of NYSE:HIO opened at $4.01 on Friday. The firm’s 50 day simple moving average is $4.01 and its 200-day simple moving average is $3.99. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.69 and a one year high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 10.47%.

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.