Raymond James Financial Inc. Makes New Investment in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Raymond James Financial Inc. bought a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 701,991 shares of the closed-end fund’s stock, valued at approximately $2,759,000.

Other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its position in Western Asset High Income Opportunity Fund by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock valued at $419,000 after purchasing an additional 3,584 shares during the period. Park Avenue Securities LLC raised its stake in Western Asset High Income Opportunity Fund by 32.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 3,951 shares during the last quarter. Choreo LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the 4th quarter valued at $58,000. Encompass More Asset Management purchased a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth $62,000. Finally, Fourpath Capital Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter worth $61,000.

Western Asset High Income Opportunity Fund Trading Down 0.6 %

Western Asset High Income Opportunity Fund stock opened at $4.00 on Friday. Western Asset High Income Opportunity Fund Inc. has a one year low of $3.69 and a one year high of $4.15. The stock has a fifty day moving average of $4.01 and a 200 day moving average of $3.99.

Western Asset High Income Opportunity Fund Announces Dividend

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

About Western Asset High Income Opportunity Fund

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.