Capital Investment Advisors LLC Has $13.81 Million Holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Capital Investment Advisors LLC boosted its holdings in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,410,702 shares of the closed-end fund’s stock after acquiring an additional 136,419 shares during the quarter. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $13,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund in the second quarter valued at approximately $59,000. Pathway Financial Advisers LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 2.2% during the 2nd quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after buying an additional 5,682 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 541,972 shares of the closed-end fund’s stock worth $2,084,000 after buying an additional 30,005 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its stake in Western Asset High Income Opportunity Fund by 24.3% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 201,748 shares of the closed-end fund’s stock worth $769,000 after purchasing an additional 39,387 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Western Asset High Income Opportunity Fund in the 2nd quarter worth about $79,000.

Western Asset High Income Opportunity Fund Stock Down 1.0 %

Shares of Western Asset High Income Opportunity Fund stock opened at $3.98 on Friday. The firm’s 50 day moving average is $3.98 and its 200 day moving average is $3.87. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.52 and a 1 year high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.70%.

Western Asset High Income Opportunity Fund Company Profile

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.