Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) Stock Holdings Lessened by Raymond James & Associates

Raymond James & Associates reduced its holdings in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 5.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 117,468 shares of the company’s stock after selling 6,996 shares during the quarter. Raymond James & Associates’ holdings in Western Asset High Yield Defined Opportunity Fund were worth $1,420,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Freedom Wealth Alliance LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 4th quarter worth about $25,000. Coppell Advisory Solutions Corp. bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 4th quarter valued at about $41,000. Coppell Advisory Solutions LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at about $40,000. JPMorgan Chase & Co. bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 1st quarter valued at about $56,000. Finally, Comerica Bank bought a new stake in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at about $68,000.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.7 %

Shares of NYSE:HYI opened at $11.66 on Friday. The company’s 50-day moving average price is $11.95 and its 200 day moving average price is $11.77. Western Asset High Yield Defined Opportunity Fund Inc. has a fifty-two week low of $10.99 and a fifty-two week high of $12.24.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd will be given a $0.095 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.14 annualized dividend and a yield of 9.78%.

About Western Asset High Yield Defined Opportunity Fund

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.