Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.27 and traded as low as $4.83. Western Asset High Income Fund II shares last traded at $4.85, with a volume of 146,381 shares changing hands.
Western Asset High Income Fund II Stock Performance
The company's 50 day moving average price is $5.27 and its 200 day moving average price is $5.04.
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Western Asset High Income Fund II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 21st will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $0.59 annualized dividend and a dividend yield of 12.12%.
Institutional Trading of Western Asset High Income Fund II
Several hedge funds have recently modified their holdings of the stock. Clough Capital Partners L P acquired a new position in Western Asset High Income Fund II in the second quarter valued at approximately $1,965,000. Creative Planning lifted its holdings in Western Asset High Income Fund II by 835.3% in the fourth quarter. Creative Planning now owns 366,777 shares of the closed-end fund's stock valued at $1,775,000 after buying an additional 327,560 shares during the period. UBS Group AG lifted its holdings in Western Asset High Income Fund II by 9.3% in the third quarter. UBS Group AG now owns 2,181,395 shares of the closed-end fund's stock valued at $9,511,000 after buying an additional 186,340 shares during the period. OTA Financial Group L.P. acquired a new position in Western Asset High Income Fund II in the third quarter valued at approximately $334,000. Finally, CSS LLC IL acquired a new position in Western Asset High Income Fund II in the second quarter valued at approximately $358,000.
About Western Asset High Income Fund II
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Western Asset High Income Fund II (HIX)
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