Samalin Investment Counsel LLC Takes $76,000 Position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)

Posted by Wayne Rhoads on Mar 24th, 2025

Samalin Investment Counsel LLC bought a new stake in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,432 shares of the closed-end fund’s stock, valued at approximately $76,000.

Several other hedge funds also recently modified their holdings of HIO. Horizon Kinetics Asset Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter valued at about $41,000. Avantax Advisory Services Inc. bought a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at about $43,000. Independent Advisor Alliance bought a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at about $44,000. Jackson Hole Capital Partners LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at about $54,000. Finally, Choreo LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 4th quarter valued at about $58,000.

Western Asset High Income Opportunity Fund Stock Up 0.4 %

Shares of NYSE HIO opened at $4.07 on Monday. Western Asset High Income Opportunity Fund Inc. has a 1 year low of $3.69 and a 1 year high of $4.15. The firm’s 50-day moving average is $4.00 and its 200-day moving average is $3.99.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.48%. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset High Income Opportunity Fund

(Free Report)

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.