MML Investors Services LLC Reduces Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

MML Investors Services LLC lowered its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,654 shares of the closed-end fund’s stock after selling 12,647 shares during the period. MML Investors Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth about $40,000. Horizon Kinetics Asset Management LLC purchased a new stake in Western Asset High Income Opportunity Fund in the third quarter worth about $41,000. Litman Gregory Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter valued at approximately $57,000. Encompass More Asset Management bought a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter valued at approximately $62,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 2nd quarter worth approximately $59,000.

Western Asset High Income Opportunity Fund Stock Performance

HIO opened at $3.94 on Friday. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.69 and a 52 week high of $4.07. The business has a 50 day moving average of $3.96 and a 200-day moving average of $3.94.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.81%. The ex-dividend date is Friday, January 24th.

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.