Western Asset High Income Fund II (NYSE:HIX) Stock Price Crosses Above 50 Day Moving Average of $4.41

Western Asset High Income Fund II Inc. (NYSE:HIX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.41 and traded as high as $4.44. Western Asset High Income Fund II shares last traded at $4.44, with a volume of 566,897 shares traded.

Western Asset High Income Fund II Stock Performance

The firm’s 50-day moving average price is $4.41 and its 200 day moving average price is $4.51.

Western Asset High Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be paid a $0.049 dividend. This represents a $0.59 annualized dividend and a yield of 13.24%. The ex-dividend date is Wednesday, July 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC purchased a new stake in shares of Western Asset High Income Fund II in the first quarter worth approximately $385,000. Oppenheimer & Co. Inc. bought a new stake in Western Asset High Income Fund II during the first quarter worth $129,000. MRA Advisory Group raised its position in Western Asset High Income Fund II by 25.7% in the 1st quarter. MRA Advisory Group now owns 23,816 shares of the closed-end fund’s stock valued at $106,000 after buying an additional 4,874 shares during the last quarter. Hartline Investment Corp bought a new position in Western Asset High Income Fund II during the 1st quarter valued at $48,000. Finally, PFG Investments LLC purchased a new position in Western Asset High Income Fund II during the 1st quarter worth $154,000.

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.