Pekin Hardy Strauss Inc. Decreases Stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Pekin Hardy Strauss Inc. cut its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,747 shares of the closed-end fund’s stock after selling 3,340 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Western Asset High Income Opportunity Fund were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HIO. Sequoia Financial Advisors LLC purchased a new position in Western Asset High Income Opportunity Fund in the third quarter valued at approximately $40,000. Litman Gregory Wealth Management LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter worth $57,000. Sanctuary Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund in the second quarter valued at $59,000. Cetera Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund in the first quarter valued at $63,000. Finally, Raymond James Trust N.A. grew its holdings in shares of Western Asset High Income Opportunity Fund by 23.0% during the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares during the last quarter.

Western Asset High Income Opportunity Fund Trading Up 0.6 %

HIO stock opened at $3.98 on Tuesday. The company has a fifty day moving average price of $3.99 and a 200 day moving average price of $3.91. Western Asset High Income Opportunity Fund Inc. has a 12 month low of $3.69 and a 12 month high of $4.07.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.0355 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.72%.

Western Asset High Income Opportunity Fund Profile

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