Sit Investment Associates Inc. Trims Stake in Western Asset Global High Income Fund Inc. $EHI

Sit Investment Associates Inc. reduced its stake in Western Asset Global High Income Fund Inc. (NYSE:EHI) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,430,965 shares of the company’s stock after selling 526,119 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset Global High Income Fund were worth $21,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EHI. Kestra Advisory Services LLC bought a new stake in Western Asset Global High Income Fund during the fourth quarter valued at about $35,000. Raymond James Financial Inc. bought a new position in shares of Western Asset Global High Income Fund in the second quarter worth about $53,000. Mosaic Family Wealth Partners LLC purchased a new position in shares of Western Asset Global High Income Fund during the 3rd quarter valued at about $65,000. SeaCrest Wealth Management LLC purchased a new position in shares of Western Asset Global High Income Fund during the 4th quarter valued at about $74,000. Finally, Merit Financial Group LLC grew its stake in shares of Western Asset Global High Income Fund by 16.2% during the 4th quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock valued at $78,000 after acquiring an additional 1,707 shares during the period.

Western Asset Global High Income Fund Trading Up 1.0%

Shares of NYSE:EHI opened at $6.02 on Friday. The stock has a 50 day moving average of $6.05 and a 200 day moving average of $6.23. Western Asset Global High Income Fund Inc. has a 12-month low of $5.80 and a 12-month high of $6.70.

Western Asset Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date is Monday, August 24th.

Western Asset Global High Income Fund Company Profile

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.