Western Asset High Income Fund II Inc. (NYSE:HIX) major shareholder Saba Capital Management, L.P. bought 150,574 shares of the stock in a transaction on Friday, January 18th. The stock was acquired at an average cost of $6.15 per share, for a total transaction of $926,030.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, January 16th, Saba Capital Management, L.P. bought 248,424 shares of Western Asset High Income Fund II stock. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $1,552,650.00.
  • On Monday, January 14th, Saba Capital Management, L.P. bought 203,461 shares of Western Asset High Income Fund II stock. The stock was acquired at an average cost of $6.22 per share, for a total transaction of $1,265,527.42.
  • On Thursday, January 10th, Saba Capital Management, L.P. bought 184,665 shares of Western Asset High Income Fund II stock. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $1,143,076.35.
  • On Thursday, January 3rd, Saba Capital Management, L.P. bought 262,631 shares of Western Asset High Income Fund II stock. The stock was acquired at an average cost of $5.78 per share, for a total transaction of $1,518,007.18.
  • On Friday, December 28th, Saba Capital Management, L.P. bought 267,294 shares of Western Asset High Income Fund II stock. The stock was acquired at an average cost of $5.63 per share, for a total transaction of $1,504,865.22.

HIX opened at $6.18 on Wednesday. Western Asset High Income Fund II Inc. has a 12-month low of $5.42 and a 12-month high of $6.98.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.0455 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend is Thursday, February 14th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC grew its holdings in Western Asset High Income Fund II by 3.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 1,269,796 shares of the closed-end fund’s stock valued at $8,051,000 after buying an additional 47,875 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in Western Asset High Income Fund II by 1.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,017,217 shares of the closed-end fund’s stock valued at $6,449,000 after buying an additional 15,092 shares during the last quarter. Shaker Financial Services LLC grew its holdings in Western Asset High Income Fund II by 26.1% in the 3rd quarter. Shaker Financial Services LLC now owns 348,715 shares of the closed-end fund’s stock valued at $2,211,000 after buying an additional 72,283 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Western Asset High Income Fund II in the 2nd quarter worth approximately $2,235,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Western Asset High Income Fund II in the 3rd quarter worth approximately $885,000.

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Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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