Wells Fargo & Company MN increased its stake in Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) by 6.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 380,144 shares of the closed-end fund’s stock after acquiring an additional 22,649 shares during the quarter. Wells Fargo & Company MN owned approximately 0.29% of Western Asst High Incm Opprtnty Fnd worth $1,927,000 at the end of the most recent quarter.
Separately, Alethea Capital Management LLC grew its holdings in shares of Western Asst High Incm Opprtnty Fnd by 100.0% during the second quarter. Alethea Capital Management LLC now owns 229,510 shares of the closed-end fund’s stock valued at $1,164,000 after buying an additional 114,755 shares in the last quarter.
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Shares of Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) traded down $0.01 during mid-day trading on Friday, hitting $4.98. The stock had a trading volume of 602,500 shares, compared to its average volume of 365,736. Western Asst High Incm Opprtnty Fnd Inc. has a twelve month low of $4.68 and a twelve month high of $5.25.
The firm also recently declared a monthly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were issued a dividend of $0.029 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 6.99%.
About Western Asst High Incm Opprtnty Fnd
Western Asset High Income Opportunity Fund Inc is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights.
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