Penserra Capital Management LLC Acquires New Shares in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Penserra Capital Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) during the third quarter, HoldingsChannel.com reports. The firm bought 1,199,738 shares of the closed-end fund’s stock, valued at approximately $4,858,000.

Several other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth $40,000. Litman Gregory Wealth Management LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter valued at $57,000. Sanctuary Advisors LLC purchased a new position in Western Asset High Income Opportunity Fund during the second quarter worth $59,000. Cetera Advisors LLC acquired a new position in shares of Western Asset High Income Opportunity Fund in the first quarter worth $63,000. Finally, Raymond James Trust N.A. lifted its position in shares of Western Asset High Income Opportunity Fund by 23.0% in the second quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock valued at $69,000 after acquiring an additional 3,361 shares in the last quarter.

Western Asset High Income Opportunity Fund Price Performance

HIO opened at $3.95 on Monday. The business’s fifty day simple moving average is $3.99 and its 200 day simple moving average is $3.90. Western Asset High Income Opportunity Fund Inc. has a 52 week low of $3.69 and a 52 week 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 Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.43 annualized dividend and a dividend yield of 10.78%.

Western Asset High Income Opportunity Fund 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.