Accredited Investor Services LLC Invests $60,000 in Western Asset High Income Fund II Inc. $HIX

Accredited Investor Services LLC purchased a new position in Western Asset High Income Fund II Inc. (NYSE:HIX) during the second quarter, Holdings Channel.com reports. The fund purchased 13,976 shares of the closed-end fund’s stock, valued at approximately $60,000.

A number of other hedge funds also recently modified their holdings of HIX. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset High Income Fund II in the 4th quarter worth approximately $54,000. Oppenheimer & Co. Inc. raised its holdings in shares of Western Asset High Income Fund II by 9.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 210,655 shares of the closed-end fund’s stock worth $881,000 after purchasing an additional 17,684 shares during the period. Total Wealth Planning & Management Inc. raised its holdings in shares of Western Asset High Income Fund II by 231.5% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 65,345 shares of the closed-end fund’s stock worth $273,000 after purchasing an additional 45,636 shares during the period. Absolute Investment Advisers LLC raised its holdings in shares of Western Asset High Income Fund II by 37.5% in the 1st quarter. Absolute Investment Advisers LLC now owns 504,744 shares of the closed-end fund’s stock worth $2,110,000 after purchasing an additional 137,644 shares during the period. Finally, Melfa Wealth Management Inc. raised its holdings in shares of Western Asset High Income Fund II by 14.3% in the 1st quarter. Melfa Wealth Management Inc. now owns 135,946 shares of the closed-end fund’s stock worth $568,000 after purchasing an additional 17,000 shares during the period.

Western Asset High Income Fund II Stock Down 2.3%

NYSE:HIX opened at $4.25 on Friday. The firm’s 50 day moving average is $4.32 and its 200 day moving average is $4.22. Western Asset High Income Fund II Inc. has a 12 month low of $3.65 and a 12 month high of $4.54.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a $0.049 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, October 24th.

Western Asset High Income Fund II 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.