UBS Group AG Has $16.25 Million Holdings in Western Asset High Income Fund II Inc. $HIX

UBS Group AG lifted its position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,906,673 shares of the closed-end fund’s stock after purchasing an additional 276,280 shares during the quarter. UBS Group AG’s holdings in Western Asset High Income Fund II were worth $16,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HIX. GraniteShares Advisors LLC acquired a new stake in shares of Western Asset High Income Fund II during the 4th quarter worth approximately $2,762,000. NWF Advisory Services Inc. grew its holdings in shares of Western Asset High Income Fund II by 69.6% during the 3rd quarter. NWF Advisory Services Inc. now owns 417,800 shares of the closed-end fund’s stock worth $1,817,000 after purchasing an additional 171,500 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Western Asset High Income Fund II by 69.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 209,123 shares of the closed-end fund’s stock worth $910,000 after purchasing an additional 86,043 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Western Asset High Income Fund II by 12.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 323,689 shares of the closed-end fund’s stock worth $1,408,000 after purchasing an additional 35,393 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Western Asset High Income Fund II during the 4th quarter worth approximately $113,000.

Western Asset High Income Fund II Price Performance

Shares of NYSE:HIX opened at $3.94 on Wednesday. Western Asset High Income Fund II Inc. has a 1-year low of $3.75 and a 1-year high of $4.40. The business’s 50 day moving average is $3.98 and its 200-day moving average is $4.12.

Western Asset High Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.049 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 14.9%.

Western Asset High Income Fund II Company Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.