Western Asset High Yield Defined Opportunity Fund Inc. (HYI) Stake Increased by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) by 54.9% in the 4th quarter, HoldingsChannel reports. The fund owned 60,982 shares of the company’s stock after acquiring an additional 21,619 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Western Asset High Yield Defined Opportunity Fund were worth $923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HYI. Uncommon Cents Investing LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $3,106,000. Wells Fargo & Company MN boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 3.9% during the 3rd quarter. Wells Fargo & Company MN now owns 874,264 shares of the company’s stock worth $13,595,000 after acquiring an additional 32,636 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 20.2% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 173,253 shares of the company’s stock worth $2,618,000 after acquiring an additional 29,167 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth about $367,000. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 87.4% during the 4th quarter. Landscape Capital Management L.L.C. now owns 50,334 shares of the company’s stock worth $761,000 after acquiring an additional 23,475 shares in the last quarter.

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NYSE:HYI opened at $14.60 on Friday. Western Asset High Yield Defined Opportunity Fund Inc. has a 52-week low of $14.47 and a 52-week high of $16.14.

The business also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.0885 per share. The ex-dividend date is Thursday, March 22nd. This represents a $1.06 annualized dividend and a dividend yield of 7.27%.

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Want to see what other hedge funds are holding HYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI).

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

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