Allspring Global Investments Holdings LLC Takes Position in Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)

Allspring Global Investments Holdings LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYIGet Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,505 shares of the company’s stock, valued at approximately $969,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HYI. Future Financial Wealth Managment LLC purchased a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $96,000. Janney Montgomery Scott LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the third quarter valued at $214,000. LPL Financial LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 20.7% during the third quarter. LPL Financial LLC now owns 18,842 shares of the company’s stock valued at $300,000 after buying an additional 3,231 shares during the period. AE Wealth Management LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 19.1% during the third quarter. AE Wealth Management LLC now owns 24,758 shares of the company’s stock valued at $394,000 after buying an additional 3,969 shares during the period. Finally, B. Riley Wealth Management Inc. raised its position in Western Asset High Yield Defined Opportunity Fund by 20.0% during the third quarter. B. Riley Wealth Management Inc. now owns 31,200 shares of the company’s stock valued at $497,000 after buying an additional 5,200 shares during the period.

NYSE:HYI opened at $13.37 on Friday. Western Asset High Yield Defined Opportunity Fund Inc. has a 1-year low of $13.26 and a 1-year high of $16.64. The business’s fifty day moving average price is $13.77 and its 200 day moving average price is $14.78.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be given a $0.0945 dividend. This represents a $1.13 annualized dividend and a yield of 8.48%. The ex-dividend date of this dividend is Friday, May 20th.

About Western Asset High Yield Defined Opportunity Fund (Get Rating)

Western Asset High Yield Defined Opportunity Fund 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 Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.

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Institutional Ownership by Quarter for Western Asset High Yield Defined Opportunity Fund (NYSE:HYI)

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