Corps Capital Advisors LLC Acquires New Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Corps Capital Advisors LLC purchased a new position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 25,000 shares of the closed-end fund’s stock, valued at approximately $98,000.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund in the third quarter worth about $40,000. Strategic Financial Concepts LLC acquired a new stake in Western Asset High Income Opportunity Fund in the fourth quarter worth about $82,000. Park Avenue Securities LLC boosted its holdings 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 worth $64,000 after acquiring an additional 3,951 shares in the last quarter. Choreo LLC acquired a new stake in Western Asset High Income Opportunity Fund in the fourth quarter worth about $58,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Western Asset High Income Opportunity Fund by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after acquiring an additional 6,000 shares in the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

Shares of NYSE:HIO opened at $4.04 on Thursday. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.69 and a 52-week high of $4.07. The business has a 50-day moving average price of $3.96 and a 200-day moving average price of $3.96.

Western Asset High Income Opportunity Fund Increases Dividend

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

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.