City of London Investment Management Co. Ltd. Invests $117,000 in Western Asset Global High Income Fnd Inc (NYSE:EHI)

City of London Investment Management Co. Ltd. bought a new stake in Western Asset Global High Income Fnd Inc (NYSE:EHI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,336 shares of the company’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karpus Management Inc. acquired a new position in Western Asset Global High Income Fnd in the fourth quarter valued at about $116,000. Raymond James Financial Services Advisors Inc. acquired a new position in Western Asset Global High Income Fnd in the fourth quarter valued at about $124,000. Resources Investment Advisors Inc. acquired a new position in Western Asset Global High Income Fnd in the fourth quarter valued at about $174,000. FNY Investment Advisers LLC acquired a new position in Western Asset Global High Income Fnd in the first quarter valued at about $184,000. Finally, LPL Financial LLC lifted its stake in Western Asset Global High Income Fnd by 7.4% in the fourth quarter. LPL Financial LLC now owns 132,376 shares of the company’s stock valued at $1,095,000 after buying an additional 9,117 shares during the period.

In other Western Asset Global High Income Fnd news, major shareholder Saba Capital Management, L.P. purchased 9,399 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $9.61 per share, with a total value of $90,324.39. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 523,886 shares of company stock worth $5,083,864.

Shares of NYSE EHI traded up $0.04 during mid-day trading on Friday, reaching $9.93. 57,000 shares of the company’s stock were exchanged, compared to its average volume of 129,310. The firm’s fifty day moving average is $9.78. Western Asset Global High Income Fnd Inc has a twelve month low of $7.99 and a twelve month high of $9.95.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, July 19th will be given a dividend of $0.063 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend is Thursday, July 18th.

About Western Asset Global High Income Fnd

Western Asset Global High Income Fund 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.

Read More: How Do Front-End Loads Impact an Investment?

Institutional Ownership by Quarter for Western Asset Global High Income Fnd (NYSE:EHI)

Receive News & Ratings for Western Asset Global High Income Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Global High Income Fnd and related companies with MarketBeat.com's FREE daily email newsletter.