Prevail Innovative Wealth Advisors LLC Purchases 49,252 Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Prevail Innovative Wealth Advisors LLC lifted its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 308,778 shares of the closed-end fund’s stock after buying an additional 49,252 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $1,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new position in Western Asset High Income Opportunity Fund during the 4th quarter valued at about $43,000. Independent Advisor Alliance bought a new position in shares of Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $44,000. Jackson Hole Capital Partners LLC bought a new position in shares of Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $54,000. Choreo LLC purchased a new position in Western Asset High Income Opportunity Fund during the fourth quarter valued at approximately $58,000. Finally, Fourpath Capital Management LLC bought a new position in Western Asset High Income Opportunity Fund in the fourth quarter worth approximately $61,000.

Western Asset High Income Opportunity Fund Stock Performance

Western Asset High Income Opportunity Fund stock opened at $4.00 on Friday. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.69 and a twelve month high of $4.15. The business has a fifty day moving average of $4.01 and a two-hundred day moving average of $3.99.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.0355 per share. This represents a yield of 10.47%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset High Income Opportunity Fund

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.