Pin Oak Investment Advisors Inc. Acquires Shares of 233,058 Western Asset High Income Fund II Inc. $HIX

Pin Oak Investment Advisors Inc. acquired a new stake in shares of Western Asset High Income Fund II Inc. (NYSE:HIX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 233,058 shares of the closed-end fund’s stock, valued at approximately $848,000.

A number of other institutional investors also recently modified their holdings of the company. UBS Group AG increased its stake in shares of Western Asset High Income Fund II by 7.6% in the fourth quarter. UBS Group AG now owns 3,906,673 shares of the closed-end fund’s stock worth $16,252,000 after purchasing an additional 276,280 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Western Asset High Income Fund II by 28.3% during the fourth quarter. Benjamin Edwards Inc. now owns 24,087 shares of the closed-end fund’s stock valued at $100,000 after purchasing an additional 5,310 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Western Asset High Income Fund II in the 4th quarter valued at about $46,000. Bank of America Corp DE grew its stake in shares of Western Asset High Income Fund II by 68.3% during the third quarter. Bank of America Corp DE now owns 24,713 shares of the closed-end fund’s stock worth $108,000 after purchasing an additional 10,025 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Western Asset High Income Fund II by 13.5% during the 3rd quarter. Raymond James Financial Inc. now owns 190,642 shares of the closed-end fund’s stock worth $829,000 after buying an additional 22,714 shares during the period.

Western Asset High Income Fund II Price Performance

Shares of Western Asset High Income Fund II stock opened at $3.90 on Friday. The stock’s fifty day simple moving average is $3.94 and its 200 day simple moving average is $3.99. Western Asset High Income Fund II Inc. has a 12 month low of $3.75 and a 12 month high of $4.40.

Western Asset High Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.049 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a yield of 15.1%.

Western Asset High Income Fund II Profile

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.