Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. bought 69,207 shares of Western Asst High Incm Opprtnty Fnd stock in a transaction that occurred on Thursday, January 17th. The shares were bought at an average cost of $4.65 per share, with a total value of $321,812.55. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, January 14th, Saba Capital Management, L.P. bought 54,643 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were bought at an average cost of $4.67 per share, with a total value of $255,182.81.
  • On Thursday, January 10th, Saba Capital Management, L.P. bought 365,625 shares of Western Asst High Incm Opprtnty Fnd stock. The shares were bought at an average cost of $4.66 per share, with a total value of $1,703,812.50.

Shares of Western Asst High Incm Opprtnty Fnd stock opened at $4.67 on Wednesday. Western Asst High Incm Opprtnty Fnd Inc. has a twelve month low of $4.14 and a twelve month high of $5.07.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be paid a $0.0265 dividend. This represents a $0.32 annualized dividend and a yield of 6.81%. The ex-dividend date is Thursday, February 14th.

Institutional investors have recently modified their holdings of the business. Vantage Investment Partners LLC acquired a new stake in Western Asst High Incm Opprtnty Fnd in the 3rd quarter worth about $115,000. Private Advisor Group LLC raised its stake in Western Asst High Incm Opprtnty Fnd by 211.4% in the 3rd quarter. Private Advisor Group LLC now owns 32,008 shares of the closed-end fund’s stock worth $152,000 after purchasing an additional 21,729 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Western Asst High Incm Opprtnty Fnd in the 3rd quarter worth about $203,000. Palo Capital Inc. raised its stake in Western Asst High Incm Opprtnty Fnd by 4.8% in the 3rd quarter. Palo Capital Inc. now owns 71,411 shares of the closed-end fund’s stock worth $340,000 after purchasing an additional 3,273 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in Western Asst High Incm Opprtnty Fnd by 72.4% in the 4th quarter. Virtu Financial LLC now owns 79,533 shares of the closed-end fund’s stock worth $348,000 after purchasing an additional 33,402 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Insider Buying: Western Asst High Incm Opprtnty Fnd Inc. (HIO) Major Shareholder Acquires 69,207 Shares of Stock” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://theolympiareport.com/2019/01/23/insider-buying-western-asst-high-incm-opprtnty-fnd-inc-hio-major-shareholder-acquires-69207-shares-of-stock.html.

About Western Asst High Incm Opprtnty Fnd

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.

Recommended Story: Fundamental Analysis and Individual Investors

Receive News & Ratings for Western Asst High Incm Opprtnty Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asst High Incm Opprtnty Fnd and related companies with MarketBeat.com's FREE daily email newsletter.