Wolverine Asset Management LLC boosted its holdings in Western Asset High Income (NYSE:HIX) by 365.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,796 shares of the closed-end fund’s stock after purchasing an additional 236,133 shares during the quarter. Wolverine Asset Management LLC owned 0.35% of Western Asset High Income worth $2,096,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of HIX. Advisor Group Inc. raised its position in shares of Western Asset High Income by 60.0% in the 4th quarter. Advisor Group Inc. now owns 32,315 shares of the closed-end fund’s stock valued at $225,000 after buying an additional 12,115 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Western Asset High Income in the 4th quarter valued at approximately $467,000. Geode Capital Management LLC acquired a new position in shares of Western Asset High Income in the 4th quarter valued at approximately $359,000. Citadel Advisors LLC acquired a new position in shares of Western Asset High Income in the 4th quarter valued at approximately $125,000. Finally, Trustcore Financial Services LLC acquired a new position in shares of Western Asset High Income in the 4th quarter valued at approximately $180,000.
Shares of NYSE:HIX traded up $0.02 during midday trading on Monday, hitting $6.58. The stock had a trading volume of 219,510 shares, compared to its average volume of 310,018. Western Asset High Income has a fifty-two week low of $5.97 and a fifty-two week high of $7.46.
The business also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 23rd will be issued a dividend of $0.0455 per share. This represents a $0.55 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend is Thursday, March 22nd.
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About Western Asset High Income
Western Asset High Income Fund II Inc (the Fund) is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing approximately 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income.
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