Mid Atlantic Financial Management Inc. ADV Has $943,000 Position in Western Asset High Income Fund II Inc. (HIX)

Mid Atlantic Financial Management Inc. ADV increased its stake in Western Asset High Income Fund II Inc. (NYSE:HIX) by 12.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 145,500 shares of the closed-end fund’s stock after purchasing an additional 16,100 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Western Asset High Income Fund II were worth $943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in Western Asset High Income Fund II by 52.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,774 shares of the closed-end fund’s stock worth $31,000 after purchasing an additional 1,647 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Western Asset High Income Fund II in the 4th quarter worth approximately $41,000. Millennium Management LLC acquired a new stake in Western Asset High Income Fund II in the 4th quarter worth approximately $61,000. Karpus Management Inc. acquired a new stake in Western Asset High Income Fund II in the 4th quarter worth approximately $68,000. Finally, Shulman DeMeo Asset Management LLC acquired a new stake in Western Asset High Income Fund II in the 4th quarter worth approximately $87,000.

HIX opened at $6.57 on Friday. Western Asset High Income Fund II Inc. has a twelve month low of $5.42 and a twelve month high of $6.71.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a $0.046 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.55 annualized dividend and a yield of 8.40%.

In related news, major shareholder Saba Capital Management, L.P. bought 45,439 shares of Western Asset High Income Fund II stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $6.60 per share, for a total transaction of $299,897.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 360,906 shares of company stock valued at $2,385,892.

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Western Asset High Income Fund II 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.

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Institutional Ownership by Quarter for Western Asset High Income Fund II (NYSE:HIX)

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