Absolute Investment Advisers LLC Purchases New Shares in Western Asset High Income Fund II Inc. (NYSE:HIX)

Absolute Investment Advisers LLC acquired a new stake in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 367,100 shares of the closed-end fund’s stock, valued at approximately $1,545,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Chicago Partners Investment Group LLC lifted its holdings in shares of Western Asset High Income Fund II by 39.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 81,497 shares of the closed-end fund’s stock valued at $346,000 after acquiring an additional 23,206 shares during the last quarter. Melfa Wealth Management Inc. raised its position in Western Asset High Income Fund II by 40.9% during the fourth quarter. Melfa Wealth Management Inc. now owns 118,946 shares of the closed-end fund’s stock valued at $501,000 after purchasing an additional 34,500 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of Western Asset High Income Fund II by 97.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock valued at $150,000 after purchasing an additional 16,535 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Western Asset High Income Fund II in the 3rd quarter worth approximately $178,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Western Asset High Income Fund II by 5.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 156,751 shares of the closed-end fund’s stock valued at $707,000 after purchasing an additional 8,000 shares during the last quarter.

Western Asset High Income Fund II Stock Performance

NYSE:HIX opened at $4.28 on Monday. The stock’s fifty day moving average is $4.32 and its 200 day moving average is $4.38. Western Asset High Income Fund II Inc. has a fifty-two week low of $4.15 and a fifty-two week high of $4.64.

Western Asset High Income Fund II Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be paid a $0.049 dividend. This represents a dividend yield of 13.64%. The ex-dividend date is Friday, January 24th.

About Western Asset High Income Fund II

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.