Sit Investment Associates Inc. Lowers Stake in Western Asset Global High Income Fund Inc. $EHI

Sit Investment Associates Inc. decreased its holdings in Western Asset Global High Income Fund Inc. (NYSE:EHI) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,430,965 shares of the company’s stock after selling 526,119 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset Global High Income Fund were worth $21,992,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Global High Income Fund in the second quarter valued at $53,000. Mosaic Family Wealth Partners LLC purchased a new stake in Western Asset Global High Income Fund during the 3rd quarter worth about $65,000. SeaCrest Wealth Management LLC purchased a new stake in Western Asset Global High Income Fund during the 4th quarter worth about $74,000. Merit Financial Group LLC raised its position in Western Asset Global High Income Fund by 16.2% in the 4th quarter. Merit Financial Group LLC now owns 12,239 shares of the company’s stock valued at $78,000 after purchasing an additional 1,707 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Western Asset Global High Income Fund by 26.8% in the 4th quarter. Wolverine Asset Management LLC now owns 12,687 shares of the company’s stock valued at $81,000 after buying an additional 2,680 shares during the period.

Western Asset Global High Income Fund Stock Up 0.3%

Shares of NYSE:EHI opened at $5.96 on Friday. Western Asset Global High Income Fund Inc. has a fifty-two week low of $5.80 and a fifty-two week high of $6.70. The firm’s 50 day moving average price is $6.05 and its 200 day moving average price is $6.24.

Western Asset Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Monday, August 24th.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.