Shaker Financial Services LLC Buys 16,943 Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Shaker Financial Services LLC lifted its position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 161,521 shares of the company’s stock after purchasing an additional 16,943 shares during the quarter. Shaker Financial Services LLC’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $1,909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HYI. Raymond James Financial Inc. bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at $8,392,000. Guggenheim Capital LLC lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock valued at $5,277,000 after acquiring an additional 65,926 shares during the last quarter. Consolidated Portfolio Review Corp increased its stake in Western Asset High Yield Defined Opportunity Fund by 1.7% in the 4th quarter. Consolidated Portfolio Review Corp now owns 73,857 shares of the company’s stock worth $873,000 after purchasing an additional 1,221 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Western Asset High Yield Defined Opportunity Fund by 3.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,596 shares of the company’s stock valued at $870,000 after purchasing an additional 2,271 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 57.1% during the fourth quarter. Invesco Ltd. now owns 69,646 shares of the company’s stock valued at $823,000 after purchasing an additional 25,306 shares during the period.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.3 %

Shares of NYSE HYI opened at $11.56 on Monday. The firm’s fifty day moving average is $11.85 and its 200 day moving average is $12.00. Western Asset High Yield Defined Opportunity Fund Inc. has a 52 week low of $11.05 and a 52 week high of $12.44.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.095 per share. This represents a dividend yield of 9.52%. The ex-dividend date of this dividend was Monday, March 24th.

Western Asset High Yield Defined Opportunity Fund Profile

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.