Rareview Capital LLC increased its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Free Report) by 30.7% in the second quarter, HoldingsChannel.com reports. The fund owned 903,653 shares of the closed-end fund’s stock after buying an additional 212,012 shares during the period. Western Asset High Income Opportunity Fund comprises approximately 1.8% of Rareview Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Rareview Capital LLC’s holdings in Western Asset High Income Opportunity Fund were worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIO. Laurel Oak Wealth Management LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at $40,000. PNC Financial Services Group Inc. grew its stake in Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. One Capital Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth $43,000. Geneos Wealth Management Inc. grew its stake in shares of Western Asset High Income Opportunity Fund by 807.2% in 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 during the period. Finally, Citadel Advisors LLC purchased a new position in Western Asset High Income Opportunity Fund in the third quarter worth approximately $47,000.
Western Asset High Income Opportunity Fund Price Performance
Shares of NYSE:HIO opened at $3.47 on Friday. Western Asset High Income Opportunity Fund Inc. has a 12-month low of $3.46 and a 12-month high of $4.05. The business has a 50-day moving average price of $3.57 and a 200 day moving average price of $3.63.
Western Asset High Income Opportunity Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.
About Western Asset High Income Opportunity Fund
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.
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