Western Asset High Income Fund II (NYSE:HIX) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Western Asset High Income Fund II Inc. (NYSE:HIX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.40 and traded as low as $4.27. Western Asset High Income Fund II shares last traded at $4.28, with a volume of 728,676 shares.

Western Asset High Income Fund II Trading Up 0.1 %

The firm’s fifty day simple moving average is $4.35 and its 200 day simple moving average is $4.40.

Western Asset High Income Fund II Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.049 dividend. The ex-dividend date is Friday, January 24th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Melfa Wealth Management Inc. boosted its holdings in shares of Western Asset High Income Fund II by 40.9% in the 4th quarter. Melfa Wealth Management Inc. now owns 118,946 shares of the closed-end fund’s stock valued at $501,000 after buying an additional 34,500 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in Western Asset High Income Fund II by 97.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 33,499 shares of the closed-end fund’s stock worth $150,000 after purchasing an additional 16,535 shares during the period. XTX Topco Ltd acquired a new stake in Western Asset High Income Fund II during the 3rd quarter worth $178,000. Rockefeller Capital Management L.P. boosted its stake in 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 worth $707,000 after purchasing an additional 8,000 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in Western Asset High Income Fund II during the 3rd quarter worth $81,000.

Western Asset High Income Fund II Company Profile

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.