Raymond James & Associates Has $1.41 Million Position in Western Asset High Yield Defined Opportunity Fund Inc. (HYI)

Raymond James & Associates decreased its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,264 shares of the company’s stock after selling 35,622 shares during the quarter. Raymond James & Associates owned about 0.41% of Western Asset High Yield Defined Opportunity Fund worth $1,410,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HYI. Wells Fargo & Company MN lifted its position in Western Asset High Yield Defined Opportunity Fund by 3.9% during the third quarter. Wells Fargo & Company MN now owns 874,264 shares of the company’s stock worth $13,595,000 after buying an additional 32,636 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Western Asset High Yield Defined Opportunity Fund by 152,140.0% during the third quarter. Envestnet Asset Management Inc. now owns 7,612 shares of the company’s stock worth $118,000 after buying an additional 7,607 shares in the last quarter. Sit Investment Associates Inc. lifted its position in Western Asset High Yield Defined Opportunity Fund by 11.8% during the fourth quarter. Sit Investment Associates Inc. now owns 152,345 shares of the company’s stock worth $2,303,000 after buying an additional 16,055 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Western Asset High Yield Defined Opportunity Fund by 11.6% during the fourth quarter. Capital Investment Advisors LLC now owns 178,137 shares of the company’s stock worth $2,693,000 after buying an additional 18,520 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth approximately $367,000.

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Shares of Western Asset High Yield Defined Opportunity Fund stock opened at $14.77 on Tuesday. Western Asset High Yield Defined Opportunity Fund Inc. has a one year low of $14.47 and a one year high of $16.14.

The firm also recently announced a monthly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 23rd were given a $0.0885 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $1.06 dividend on an annualized basis and a yield of 7.19%.

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

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