Sit Investment Associates Inc. Purchases 16,055 Shares of Western Asset High Yield Defined Opportunity Fund Inc. (HYI)

Sit Investment Associates Inc. increased its position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,345 shares of the company’s stock after purchasing an additional 16,055 shares during the period. Sit Investment Associates Inc. owned approximately 0.67% of Western Asset High Yield Defined Opportunity Fund worth $2,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HYI. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 457.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 83,580 shares of the company’s stock worth $1,277,000 after purchasing an additional 68,588 shares in the last quarter. Royal Bank of Canada raised its position in Western Asset High Yield Defined Opportunity Fund by 48.3% in the 2nd quarter. Royal Bank of Canada now owns 117,476 shares of the company’s stock valued at $1,795,000 after buying an additional 38,271 shares during the last quarter. Sii Investments Inc. WI raised its position in Western Asset High Yield Defined Opportunity Fund by 18.8% in the 2nd quarter. Sii Investments Inc. WI now owns 222,070 shares of the company’s stock valued at $3,401,000 after buying an additional 35,103 shares during the last quarter. Wells Fargo & Company MN raised its position in Western Asset High Yield Defined Opportunity Fund by 3.9% in the 3rd quarter. Wells Fargo & Company MN now owns 874,264 shares of the company’s stock valued at $13,595,000 after buying an additional 32,636 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Western Asset High Yield Defined Opportunity Fund by 39.6% during the 3rd quarter. Shaker Financial Services LLC now owns 111,369 shares of the company’s stock valued at $1,732,000 after purchasing an additional 31,586 shares during the last quarter.

Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE HYI) traded down $0.29 during trading on Monday, hitting $14.65. The stock had a trading volume of 94,404 shares, compared to its average volume of 79,753. Western Asset High Yield Defined Opportunity Fund Inc. has a 1 year low of $14.57 and a 1 year high of $16.14.

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, January 19th were issued a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 7.37%. The ex-dividend date was Thursday, January 18th.

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

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