Fourpath Capital Management LLC Makes New $61,000 Investment in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Fourpath Capital Management LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,466 shares of the closed-end fund’s stock, valued at approximately $61,000.

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC boosted its position in Western Asset High Income Opportunity Fund by 32.1% in the fourth quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 3,951 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Western Asset High Income Opportunity Fund by 3.1% during the 4th quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock valued at $13,818,000 after acquiring an additional 105,435 shares during the period. Encompass More Asset Management acquired a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter valued at approximately $62,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Western Asset High Income Opportunity Fund by 12.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 256,468 shares of the closed-end fund’s stock valued at $1,038,000 after acquiring an additional 28,060 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the third quarter worth $41,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of Western Asset High Income Opportunity Fund stock opened at $4.00 on Wednesday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.07. The firm has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.96.

Western Asset High Income Opportunity Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were issued a $0.0355 dividend. This represents a dividend yield of 10.81%. The ex-dividend date was Friday, January 24th. This is a boost from Western Asset High Income Opportunity Fund’s previous dividend of $0.03.

About Western Asset High Income Opportunity Fund

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.