TRUE Private Wealth Advisors purchased a new stake in Western Asset Global High Income Fnd Inc (NYSE:EHI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,190 shares of the company’s stock, valued at approximately $61,000.
Other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new position in shares of Western Asset Global High Income Fnd during the 2nd quarter valued at about $51,000. City of London Investment Management Co. Ltd. bought a new position in shares of Western Asset Global High Income Fnd during the 1st quarter valued at about $117,000. FNY Investment Advisers LLC bought a new position in shares of Western Asset Global High Income Fnd during the 1st quarter valued at about $184,000. Finally, Sit Investment Associates Inc. increased its position in shares of Western Asset Global High Income Fnd by 257.6% during the 1st quarter. Sit Investment Associates Inc. now owns 719,763 shares of the company’s stock valued at $6,759,000 after purchasing an additional 518,486 shares during the last quarter.
Shares of Western Asset Global High Income Fnd stock traded up $0.02 during trading on Friday, hitting $9.66. 52,400 shares of the stock traded hands, compared to its average volume of 121,178. The firm’s fifty day moving average is $9.89 and its 200-day moving average is $9.66. Western Asset Global High Income Fnd Inc has a 52 week low of $7.99 and a 52 week high of $10.01.
The business also recently declared a monthly dividend, which was paid on Thursday, August 1st. Investors of record on Friday, July 19th were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.76 annualized dividend and a yield of 7.83%.
In related news, major shareholder Saba Capital Management, L.P. purchased 39,705 shares of Western Asset Global High Income Fnd stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of $9.85 per share, for a total transaction of $391,094.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 205,809 shares of company stock worth $2,008,340.
Western Asset Global High Income Fnd Company Profile
Western Asset Global High Income 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.
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