Western Asset Global High Income Fnd Inc (NYSE:EHI) major shareholder Saba Capital Management, L.P. purchased 79,430 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were purchased at an average price of $8.95 per share, with a total value of $710,898.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, January 3rd, Saba Capital Management, L.P. acquired 185,213 shares of Western Asset Global High Income Fnd stock. The shares were bought at an average cost of $8.44 per share, for a total transaction of $1,563,197.72.

Shares of NYSE:EHI remained flat at $$9.02 during midday trading on Friday. 217,800 shares of the stock were exchanged, compared to its average volume of 587,088. Western Asset Global High Income Fnd Inc has a 12-month low of $7.99 and a 12-month high of $10.30.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 8.12%. The ex-dividend date is Thursday, February 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Investment Advisory LLC lifted its stake in Western Asset Global High Income Fnd by 4.0% during the 3rd quarter. Vident Investment Advisory LLC now owns 728,071 shares of the company’s stock valued at $6,633,000 after acquiring an additional 27,917 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Western Asset Global High Income Fnd in the 3rd quarter worth approximately $212,000. LPL Financial LLC grew its holdings in Western Asset Global High Income Fnd by 28.2% during the 3rd quarter. LPL Financial LLC now owns 123,259 shares of the company’s stock valued at $1,123,000 after buying an additional 27,149 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Western Asset Global High Income Fnd by 11.1% during the 3rd quarter. Wells Fargo & Company MN now owns 345,446 shares of the company’s stock valued at $3,147,000 after buying an additional 34,385 shares in the last quarter. Finally, Saba Capital Management L.P. grew its holdings in Western Asset Global High Income Fnd by 75.2% during the 2nd quarter. Saba Capital Management L.P. now owns 2,154,522 shares of the company’s stock valued at $19,649,000 after buying an additional 924,640 shares in the last quarter.

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Western Asset Global High Income Fnd Company Profile

Western Asset Global High Income 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 Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

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