Wedbush Securities Inc. Has $87,000 Position in Western Asst High Incm Opprtnty Fnd Inc. (HIO)

Wedbush Securities Inc. reduced its holdings in Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) by 35.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,824 shares of the closed-end fund’s stock after selling 10,872 shares during the period. Wedbush Securities Inc.’s holdings in Western Asst High Incm Opprtnty Fnd were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Western Asst High Incm Opprtnty Fnd in the second quarter worth $2,734,000. Capital Investment Advisors LLC raised its holdings in shares of Western Asst High Incm Opprtnty Fnd by 7.4% during the third quarter. Capital Investment Advisors LLC now owns 955,034 shares of the closed-end fund’s stock worth $4,546,000 after acquiring an additional 65,471 shares during the period. Vantage Investment Partners LLC acquired a new stake in shares of Western Asst High Incm Opprtnty Fnd during the third quarter worth $115,000. Private Advisor Group LLC raised its holdings in shares of Western Asst High Incm Opprtnty Fnd by 211.4% during the third quarter. Private Advisor Group LLC now owns 32,008 shares of the closed-end fund’s stock worth $152,000 after acquiring an additional 21,729 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Western Asst High Incm Opprtnty Fnd by 14.0% during the third quarter. Wells Fargo & Company MN now owns 528,465 shares of the closed-end fund’s stock worth $2,515,000 after acquiring an additional 64,801 shares during the period.

In other Western Asst High Incm Opprtnty Fnd news, major shareholder Saba Capital Management, L.P. bought 23,900 shares of the firm’s stock in a transaction that occurred on Wednesday, January 23rd. The stock was acquired at an average price of $4.62 per share, with a total value of $110,418.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have purchased 773,385 shares of company stock worth $3,596,751.

Shares of NYSE:HIO traded up $0.01 during midday trading on Monday, reaching $4.73. 33,608 shares of the company were exchanged, compared to its average volume of 384,729. Western Asst High Incm Opprtnty Fnd Inc. has a fifty-two week low of $4.14 and a fifty-two week high of $4.95.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be issued a dividend of $0.0265 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.73%.

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Western Asst High Incm Opprtnty Fnd 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.

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Institutional Ownership by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

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