Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) Shares Purchased by Mid Atlantic Financial Management Inc. ADV

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Mid Atlantic Financial Management Inc. ADV boosted its holdings in Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) by 31.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,281 shares of the closed-end fund’s stock after buying an additional 14,845 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Western Asst High Incm Opprtnty Fnd were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HIO. Osborn Williams & Donohoe LLC acquired a new stake in shares of Western Asst High Incm Opprtnty Fnd in the 1st quarter valued at $35,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Western Asst High Incm Opprtnty Fnd in the first quarter valued at about $48,000. Janney Montgomery Scott LLC boosted its position in Western Asst High Incm Opprtnty Fnd by 24.5% in the first quarter. Janney Montgomery Scott LLC now owns 32,313 shares of the closed-end fund’s stock valued at $156,000 after buying an additional 6,363 shares in the last quarter. Shaker Financial Services LLC boosted its position in Western Asst High Incm Opprtnty Fnd by 28.9% in the first quarter. Shaker Financial Services LLC now owns 37,761 shares of the closed-end fund’s stock valued at $182,000 after buying an additional 8,461 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Western Asst High Incm Opprtnty Fnd during the second quarter worth approximately $279,000.

In related news, major shareholder Saba Capital Management, L.P. bought 54,534 shares of Western Asst High Incm Opprtnty Fnd stock in a transaction dated Wednesday, June 5th. The shares were bought at an average cost of $4.88 per share, for a total transaction of $266,125.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 830,864 shares of company stock worth $4,137,110 over the last quarter.

Shares of HIO stock opened at $5.05 on Wednesday. Western Asst High Incm Opprtnty Fnd Inc. has a 1 year low of $4.14 and a 1 year high of $5.17. The firm’s 50 day moving average is $5.05 and its 200-day moving average is $4.96.

About Western Asst High Incm Opprtnty Fnd

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.

Further Reading: Insider Trading – What You Need to Know

Institutional Ownership by Quarter for Western Asst High Incm Opprtnty Fnd (NYSE:HIO)

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