Key Points
- Director Carol Colman sold 4,500 shares at an average price of $3.66 on April 13, a $16,470 transaction that cut her stake by 18.44% to 19,907 shares and was disclosed in an SEC filing.
- The fund declared a monthly dividend of $0.0355 per share (ex-dividend and record dates May 21; payable May 29), implying an annualized yield of about 11.5%.
- HIO recently traded near $3.72, with a 50‑day/200‑day moving average around $3.71/$3.75 and a 12‑month trading range of $3.52 to $4.05.
Western Asset High Income Opportunity Fund Inc. (NYSE:HIO - Get Free Report) Director Carol Colman sold 4,500 shares of the firm's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $3.66, for a total transaction of $16,470.00. Following the completion of the sale, the director owned 19,907 shares of the company's stock, valued at $72,859.62. This trade represents a 18.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Western Asset High Income Opportunity Fund Stock Performance
Western Asset High Income Opportunity Fund stock opened at $3.72 on Wednesday. The firm has a 50-day moving average price of $3.71 and a 200-day moving average price of $3.75. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.52 and a 12-month high of $4.05.
Western Asset High Income Opportunity Fund Dividend Announcement
The company 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 $0.0355 dividend. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Thursday, May 21st.
Institutional Investors Weigh In On Western Asset High Income Opportunity Fund
Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 504.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund's stock worth $29,000 after acquiring an additional 6,330 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund's stock worth $42,000 after acquiring an additional 5,000 shares during the last quarter. Laurel Oak Wealth Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $40,000. One Capital Management LLC bought a new stake in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $43,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Western Asset High Income Opportunity Fund by 807.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund's stock valued at $47,000 after buying an additional 10,429 shares in the last quarter.
Western Asset High Income Opportunity Fund Company Profile
(
Get Free Report)
Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund's portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.
Further Reading
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