Lazard Asset Management LLC Invests $250,000 in Western Asset High Income Fund II Inc. (NYSE:HIX)

Lazard Asset Management LLC purchased a new position in shares of Western Asset High Income Fund II Inc. (NYSE:HIX – Get Rating) during the fourth quarter, HoldingsChannel reports. The fund purchased 35,000 shares of the closed-end fund’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Western Asset High Income Fund II during the third quarter worth $72,000. Landscape Capital Management L.L.C. bought a new position in shares of Western Asset High Income Fund II during the fourth quarter worth $92,000. Whitener Capital Management Inc. bought a new position in shares of Western Asset High Income Fund II during the fourth quarter worth $105,000. Shulman DeMeo Asset Management LLC bought a new position in shares of Western Asset High Income Fund II during the fourth quarter worth $106,000. Finally, Cetera Advisor Networks LLC lifted its position in Western Asset High Income Fund II by 21.8% in the 3rd quarter. Cetera Advisor Networks LLC now owns 28,881 shares of the closed-end fund’s stock valued at $207,000 after acquiring an additional 5,165 shares in the last quarter.

HIX opened at $5.15 on Friday. Western Asset High Income Fund II Inc. has a 12 month low of $5.04 and a 12 month high of $7.75. The firm’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $6.41.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 23rd will be given a $0.049 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.59 annualized dividend and a yield of 11.42%.

About Western Asset High Income Fund II (Get Rating)

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.

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