Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC cut its stake in shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 32.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,741 shares of the closed-end fund’s stock after selling 5,698 shares during the period. Quantum Private Wealth LLC’s holdings in Western Asset High Income Opportunity Fund were worth $48,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIO. Sequoia Financial Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $40,000. Litman Gregory Wealth Management LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $57,000. Sanctuary Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 2nd quarter worth approximately $59,000. Cetera Advisors LLC purchased a new stake in Western Asset High Income Opportunity Fund during the 1st quarter worth approximately $63,000. Finally, Raymond James Trust N.A. increased its holdings in Western Asset High Income Opportunity Fund by 23.0% during the 2nd quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 3,361 shares during the last quarter.

Western Asset High Income Opportunity Fund Stock Performance

HIO stock opened at $3.99 on Friday. Western Asset High Income Opportunity Fund Inc. has a 52-week low of $3.67 and a 52-week high of $4.07. The stock’s 50 day moving average is $4.00 and its two-hundred day moving average is $3.89.

Western Asset High Income Opportunity Fund Company Profile

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.