Samalin Investment Counsel LLC Invests $76,000 in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Samalin Investment Counsel LLC acquired a new position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,432 shares of the closed-end fund’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also modified their holdings of HIO. Strategic Financial Concepts LLC bought a new position in Western Asset High Income Opportunity Fund during the fourth quarter worth $82,000. Park Avenue Securities LLC grew its holdings in shares of Western Asset High Income Opportunity Fund by 32.1% in the 4th quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock worth $64,000 after purchasing an additional 3,951 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Western Asset High Income Opportunity Fund by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 106,700 shares of the closed-end fund’s stock worth $419,000 after purchasing an additional 3,584 shares during the last quarter. Choreo LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 4th quarter worth about $58,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Western Asset High Income Opportunity Fund by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after purchasing an additional 6,000 shares during the last quarter.

Western Asset High Income Opportunity Fund Stock Up 0.4 %

HIO opened at $4.07 on Monday. The firm’s 50-day simple moving average is $4.00 and its 200-day simple moving average is $3.99. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.69 and a twelve month high of $4.15.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a $0.0355 dividend. This represents a $0.43 annualized dividend and a dividend yield of 10.48%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset High Income Opportunity Fund

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.