Absolute Investment Advisers LLC Acquires Shares of 367,100 Western Asset High Income Fund II Inc. (NYSE:HIX)

Absolute Investment Advisers LLC bought a new position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 367,100 shares of the closed-end fund’s stock, valued at approximately $1,545,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC grew its stake in Western Asset High Income Fund II by 39.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 81,497 shares of the closed-end fund’s stock worth $346,000 after purchasing an additional 23,206 shares in the last quarter. Melfa Wealth Management Inc. lifted its holdings in shares of Western Asset High Income Fund II by 40.9% in the 4th quarter. Melfa Wealth Management Inc. now owns 118,946 shares of the closed-end fund’s stock worth $501,000 after buying an additional 34,500 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of Western Asset High Income Fund II by 97.5% during the third quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock valued at $150,000 after buying an additional 16,535 shares during the period. XTX Topco Ltd purchased a new position in shares of Western Asset High Income Fund II during the third quarter valued at $178,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Western Asset High Income Fund II by 5.4% in the third quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock worth $707,000 after acquiring an additional 8,000 shares during the period.

Western Asset High Income Fund II Trading Up 0.7 %

Shares of Western Asset High Income Fund II stock opened at $4.28 on Monday. Western Asset High Income Fund II Inc. has a 1 year low of $4.15 and a 1 year high of $4.64. The firm’s 50-day moving average is $4.32 and its two-hundred day moving average is $4.38.

Western Asset High Income Fund II Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 27th will be issued a dividend of $0.049 per share. This represents a yield of 13.64%. The ex-dividend date is Friday, January 24th.

Western Asset High Income Fund II Profile

Western Asset High Income Fund II 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.