Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Western Asset High Income Fund II Inc. (NYSE:HIX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.40 and traded as low as $4.27. Western Asset High Income Fund II shares last traded at $4.28, with a volume of 728,676 shares trading hands.

Western Asset High Income Fund II Stock Up 0.1 %

The business’s 50 day simple moving average is $4.35 and its 200 day simple moving average is $4.40.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a $0.049 dividend. The ex-dividend date is Friday, January 24th.

Institutional Investors Weigh In On Western Asset High Income Fund II

Several institutional investors have recently modified their holdings of the stock. Melfa Wealth Management Inc. increased its position in shares of Western Asset High Income Fund II by 40.9% during the 4th quarter. Melfa Wealth Management Inc. now owns 118,946 shares of the closed-end fund’s stock valued at $501,000 after purchasing an additional 34,500 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in Western Asset High Income Fund II by 97.5% during the third quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after buying an additional 16,535 shares during the period. XTX Topco Ltd bought a new position in Western Asset High Income Fund II during the third quarter valued at $178,000. Rockefeller Capital Management L.P. raised its stake in shares of Western Asset High Income Fund II by 5.4% in the third quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock valued at $707,000 after acquiring an additional 8,000 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in shares of Western Asset High Income Fund II in the third quarter valued at $81,000.

Western Asset High Income Fund II Company Profile

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.