Key Points
- Director Carol Colman sold 3,000 shares of NYSE:EHI on April 10 at an average price of $6.14 for $18,420, leaving her with 1,375 shares (a 68.57% reduction); the sale was disclosed in an SEC filing.
- The fund declared a monthly dividend of $0.07 per share payable May 29 with record/ex-dividend dates of May 21, representing a 13.5% annualized yield.
- Institutional interest rose in Q4 as several managers added or increased positions — NewEdge Advisors now holds 97,343 shares (~$624k) and Osaic Holdings 136,908 shares (~$878k), with other firms initiating smaller stakes.
Western Asset Global High Income Fund Inc. (NYSE:EHI - Get Free Report) Director Carol Colman sold 3,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $6.14, for a total value of $18,420.00. Following the completion of the sale, the director owned 1,375 shares of the company's stock, valued at $8,442.50. The trade was a 68.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Western Asset Global High Income Fund Stock Performance
EHI opened at $6.22 on Wednesday. The stock has a fifty day moving average of $6.25 and a 200-day moving average of $6.34. Western Asset Global High Income Fund Inc. has a 12-month low of $5.80 and a 12-month high of $6.70.
Western Asset Global High Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.07 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%.
Institutional Trading of Western Asset Global High Income Fund
A number of hedge funds have recently modified their holdings of the business. World Investment Advisors purchased a new stake in shares of Western Asset Global High Income Fund in the fourth quarter valued at $187,000. NewEdge Advisors LLC raised its holdings in shares of Western Asset Global High Income Fund by 11.6% during the fourth quarter. NewEdge Advisors LLC now owns 97,343 shares of the company's stock worth $624,000 after acquiring an additional 10,084 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Western Asset Global High Income Fund by 29.0% during the fourth quarter. Osaic Holdings Inc. now owns 136,908 shares of the company's stock worth $878,000 after acquiring an additional 30,794 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Western Asset Global High Income Fund during the fourth quarter worth $135,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Western Asset Global High Income Fund during the fourth quarter worth $35,000.
Western Asset Global High Income Fund Company Profile
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Get Free Report)
Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund's portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.
Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.
Further Reading
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