First Trust Amends Western Asset High Income Fund II Stake
Ticker: HIX · Form: SC 13G/A · Filed: Jan 17, 2024 · CIK: 1058239
| Field | Detail |
|---|---|
| Company | Western Asset High Income Fund II Inc. (HIX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 17, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**First Trust updated its ownership in Western Asset High Income Fund II, signaling a potential shift in institutional interest.**
AI Summary
First Trust Portfolios L.P. and its affiliates, First Trust Advisors L.P. and The Charger Corporation, filed an amended Schedule 13G/A on January 17, 2024, indicating their ownership in Western Asset High Income Fund II Inc. as of December 31, 2023. This filing, Amendment No. 10, updates their previous disclosures regarding their stake in the fund. This matters to investors because it provides transparency into significant institutional ownership changes, which can influence market perception and liquidity for Western Asset High Income Fund II Inc. (ticker 95766J102).
Why It Matters
This filing updates the public record on a major institutional investor's stake, offering insight into their current position and potential future actions, which can impact the stock's trading dynamics.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate high-risk event.
Analyst Insight
Investors should note the continued institutional interest from First Trust in Western Asset High Income Fund II Inc. and monitor subsequent filings for any significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person and institutional investor
- Western Asset High Income Fund II Inc. (company) — subject company in which shares are held
- First Trust Advisors L.P. (company) — affiliated reporting person
- The Charger Corporation (company) — affiliated reporting person
- December 31, 2023 (date) — date of event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No. 10) to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who are the reporting persons in this filing?
The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation, as listed under Item 1 of the cover page.
What is the subject company of this filing?
The subject company is Western Asset High Income Fund II Inc., as stated in the 'Name of Issuer' section.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common class of securities is 95766J102, as indicated on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 17, 2024 regarding WESTERN ASSET HIGH INCOME FUND II INC. (HIX).