Pathway Financial Advisers LLC Increases Stock Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Pathway Financial Advisers LLC increased its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,557 shares of the closed-end fund’s stock after buying an additional 5,682 shares during the period. Pathway Financial Advisers LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 541,972 shares of the closed-end fund’s stock worth $2,084,000 after purchasing an additional 30,005 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in shares of Western Asset High Income Opportunity Fund by 24.3% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 201,748 shares of the closed-end fund’s stock worth $769,000 after purchasing an additional 39,387 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Western Asset High Income Opportunity Fund during the 2nd quarter worth $79,000. Wolverine Asset Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 2nd quarter valued at about $185,000. Finally, Kelleher Financial Advisors purchased a new stake in Western Asset High Income Opportunity Fund in the second quarter valued at about $97,000.

Western Asset High Income Opportunity Fund Stock Performance

HIO opened at $4.05 on Tuesday. The firm’s 50-day moving average price is $3.94 and its 200-day moving average price is $3.86. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.52 and a 52-week high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a $0.0355 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date of this dividend is Thursday, October 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.