Commonwealth Equity Services LLC Lowers Stock Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Commonwealth Equity Services LLC lowered its holdings in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,288 shares of the closed-end fund’s stock after selling 4,942 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Western Asset High Income Opportunity Fund were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HIO. Chicago Partners Investment Group LLC boosted its position in Western Asset High Income Opportunity Fund by 68.4% during the first quarter. Chicago Partners Investment Group LLC now owns 424,590 shares of the closed-end fund’s stock worth $2,182,000 after purchasing an additional 172,436 shares in the last quarter. Penserra Capital Management LLC boosted its position in Western Asset High Income Opportunity Fund by 7.5% during the fourth quarter. Penserra Capital Management LLC now owns 2,440,651 shares of the closed-end fund’s stock worth $12,081,000 after purchasing an additional 171,135 shares in the last quarter. Walleye Capital LLC purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter worth approximately $572,000. Stifel Financial Corp lifted its position in shares of Western Asset High Income Opportunity Fund by 78.2% in the fourth quarter. Stifel Financial Corp now owns 251,729 shares of the closed-end fund’s stock valued at $1,246,000 after acquiring an additional 110,449 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Western Asset High Income Opportunity Fund in the fourth quarter valued at approximately $420,000.

In other news, Director Carol L. Colman sold 6,300 shares of the firm’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $5.23, for a total value of $32,949.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE HIO opened at $5.26 on Friday. The firm has a 50 day moving average price of $5.16. Western Asset High Income Opportunity Fund Inc. has a 1-year low of $4.54 and a 1-year high of $5.39.

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 1st. Stockholders of record on Tuesday, August 24th will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, August 23rd. This represents a $0.36 annualized dividend and a dividend yield of 6.84%.

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.

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Institutional Ownership by Quarter for Western Asset High Income Opportunity Fund (NYSE:HIO)

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