Park Avenue Securities LLC Has $64,000 Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Park Avenue Securities LLC boosted its stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,247 shares of the closed-end fund’s stock after purchasing an additional 3,951 shares during the quarter. Park Avenue Securities LLC’s holdings in Western Asset High Income Opportunity Fund were worth $64,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIO. Capital Investment Advisors LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 3.1% during the fourth quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock valued at $13,818,000 after acquiring an additional 105,435 shares in the last quarter. Encompass More Asset Management bought a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter valued at $62,000. Pin Oak Investment Advisors Inc. increased its stake 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 purchasing an additional 28,060 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the third quarter worth $41,000. Finally, Penserra Capital Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the third quarter valued at $4,858,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of Western Asset High Income Opportunity Fund stock opened at $3.93 on Monday. 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 price of $3.95 and a 200-day moving average price of $3.95.

Western Asset High Income Opportunity Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be given a dividend of $0.0355 per share. The ex-dividend date is Friday, January 24th. This is a positive change from Western Asset High Income Opportunity Fund’s previous dividend of $0.03. This represents a dividend yield of 10.81%.

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.