Stonebrook Private Inc. Invests $154,000 in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Stonebrook Private Inc. purchased a new stake in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) during the 4th quarter, HoldingsChannel reports. The fund purchased 12,759 shares of the company’s stock, valued at approximately $154,000.

A number of other institutional investors also recently modified their holdings of the business. Punch & Associates Investment Management Inc. raised its holdings in Western Asset High Yield Defined Opportunity Fund by 3.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 911,743 shares of the company’s stock valued at $10,476,000 after acquiring an additional 34,072 shares during the period. Shaker Financial Services LLC bought a new position in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter worth about $1,057,000. City of London Investment Management Co. Ltd. grew its holdings in Western Asset High Yield Defined Opportunity Fund by 124.1% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 227,736 shares of the company’s stock valued at $2,617,000 after buying an additional 126,111 shares in the last quarter. 1607 Capital Partners LLC increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 3.3% during the third quarter. 1607 Capital Partners LLC now owns 135,571 shares of the company’s stock valued at $1,558,000 after buying an additional 4,300 shares during the period. Finally, Camelot Portfolios LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 60.2% in the fourth quarter. Camelot Portfolios LLC now owns 92,036 shares of the company’s stock worth $1,113,000 after buying an additional 34,574 shares in the last quarter.

Western Asset High Yield Defined Opportunity Fund Price Performance

Western Asset High Yield Defined Opportunity Fund stock opened at $11.55 on Tuesday. The firm’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $11.79. Western Asset High Yield Defined Opportunity Fund Inc. has a 1-year low of $10.99 and a 1-year high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.14 dividend on an annualized basis and a yield of 9.87%.

Western Asset High Yield Defined Opportunity Fund Company Profile

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.