Shaker Financial Services LLC cut its stake in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 43.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,783 shares of the company’s stock after selling 60,675 shares during the period. Shaker Financial Services LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $1,219,000 at the end of the most recent reporting period.

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE HYI) opened at 15.30 on Friday. The firm has a 50-day moving average price of $15.47 and a 200 day moving average price of $15.41. Western Asset High Yield Defined Opportunity Fund Inc. has a one year low of $14.21 and a one year high of $16.14.

The company also recently announced a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.84%.

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Institutional Ownership by Quarter for Western Asset High Yield Defined Opportunity Fund (NYSE:HYI)

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