Robinson Capital Management LLC Sells 269,598 Shares of Western Asset High Income Fund II Inc. (HIX)

Robinson Capital Management LLC trimmed its stake in Western Asset High Income Fund II Inc. (NYSE:HIX) by 48.5% in the 4th quarter, HoldingsChannel reports. The fund owned 285,806 shares of the closed-end fund’s stock after selling 269,598 shares during the quarter. Robinson Capital Management LLC’s holdings in Western Asset High Income Fund II were worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIX. NINE MASTS CAPITAL Ltd acquired a new position in Western Asset High Income Fund II during the 3rd quarter valued at about $885,000. Vident Investment Advisory LLC increased its position in Western Asset High Income Fund II by 2.9% during the 2nd quarter. Vident Investment Advisory LLC now owns 1,221,921 shares of the closed-end fund’s stock valued at $7,869,000 after buying an additional 34,746 shares in the last quarter. Shaker Financial Services LLC increased its position in Western Asset High Income Fund II by 26.1% during the 3rd quarter. Shaker Financial Services LLC now owns 348,715 shares of the closed-end fund’s stock valued at $2,211,000 after buying an additional 72,283 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Western Asset High Income Fund II during the 3rd quarter valued at about $220,000. Finally, Saba Capital Management L.P. increased its position in Western Asset High Income Fund II by 99.0% during the 2nd quarter. Saba Capital Management L.P. now owns 5,247,746 shares of the closed-end fund’s stock valued at $33,795,000 after buying an additional 2,610,458 shares in the last quarter.

In other Western Asset High Income Fund II news, major shareholder Saba Capital Management, L.P. bought 267,294 shares of Western Asset High Income Fund II stock in a transaction that occurred on Friday, December 28th. The shares were bought at an average cost of $5.63 per share, with a total value of $1,504,865.22. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NYSE:HIX opened at $6.18 on Thursday. Western Asset High Income Fund II Inc. has a 1 year low of $5.42 and a 1 year high of $7.05.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.0455 per share. This represents a $0.55 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend is Thursday, February 14th.

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About Western Asset High Income Fund II

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

Read More: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding HIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset High Income Fund II Inc. (NYSE:HIX).

Institutional Ownership by Quarter for Western Asset High Income Fund II (NYSE:HIX)

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