Northwestern Mutual Wealth Management Co. raised its holdings in Western Asset High Yield Dfnd Opp FI (NYSE:HYI) by 1,972.6% during the 1st quarter, Holdings Channel reports. The fund owned 4,311 shares of the company’s stock after buying an additional 4,103 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Western Asset High Yield Dfnd Opp FI were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HYI. Clear Harbor Asset Management LLC grew its position in shares of Western Asset High Yield Dfnd Opp FI by 3.5% during the 1st quarter. Clear Harbor Asset Management LLC now owns 29,394 shares of the company’s stock worth $434,000 after buying an additional 1,000 shares in the last quarter. BB&T Securities LLC grew its position in shares of Western Asset High Yield Dfnd Opp FI by 13.4% during the 4th quarter. BB&T Securities LLC now owns 13,012 shares of the company’s stock worth $171,000 after buying an additional 1,536 shares in the last quarter. Millennium Management LLC grew its position in shares of Western Asset High Yield Dfnd Opp FI by 2.4% during the 4th quarter. Millennium Management LLC now owns 66,540 shares of the company’s stock worth $875,000 after buying an additional 1,540 shares in the last quarter. Advisor Group Inc. grew its position in shares of Western Asset High Yield Dfnd Opp FI by 37.9% during the 4th quarter. Advisor Group Inc. now owns 6,550 shares of the company’s stock worth $86,000 after buying an additional 1,800 shares in the last quarter. Finally, Karpus Management Inc. grew its position in shares of Western Asset High Yield Dfnd Opp FI by 23.5% during the 4th quarter. Karpus Management Inc. now owns 18,117 shares of the company’s stock worth $238,000 after buying an additional 3,450 shares in the last quarter.

HYI opened at $14.86 on Friday. Western Asset High Yield Dfnd Opp FI has a 12-month low of $12.83 and a 12-month high of $15.20.

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be given a dividend of $0.089 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Thursday, August 22nd.

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About Western Asset High Yield Dfnd Opp FI

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.

Further Reading: Equal Weight Rating

Want to see what other hedge funds are holding HYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset High Yield Dfnd Opp FI (NYSE:HYI).

Institutional Ownership by Quarter for Western Asset High Yield Dfnd Opp FI (NYSE:HYI)

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