Accredited Investor Services LLC Buys New Holdings in Western Asset High Income Fund II Inc. $HIX

Accredited Investor Services LLC bought a new stake in Western Asset High Income Fund II Inc. (NYSE:HIX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,976 shares of the closed-end fund’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. increased its position in Western Asset High Income Fund II by 5.9% in the 2nd quarter. Total Wealth Planning & Management Inc. now owns 69,215 shares of the closed-end fund’s stock valued at $297,000 after buying an additional 3,870 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Western Asset High Income Fund II in the 2nd quarter valued at about $71,000. Absolute Investment Advisers LLC increased its holdings in Western Asset High Income Fund II by 24.0% during the 2nd quarter. Absolute Investment Advisers LLC now owns 625,944 shares of the closed-end fund’s stock worth $2,685,000 after purchasing an additional 121,200 shares in the last quarter. Sunpointe LLC bought a new stake in Western Asset High Income Fund II during the 2nd quarter worth approximately $158,000. Finally, Jane Street Group LLC bought a new stake in Western Asset High Income Fund II during the 1st quarter worth approximately $64,000.

Western Asset High Income Fund II Price Performance

Shares of HIX opened at $4.25 on Friday. The stock has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.22. Western Asset High Income Fund II Inc. has a 52 week low of $3.65 and a 52 week high of $4.54.

Western Asset High Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be issued a dividend of $0.049 per share. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Friday, October 24th.

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.