Absolute Investment Advisers LLC purchased a new position in The New America High Income Fund Inc. (NYSE:HYB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 125,094 shares of the investment management company's stock, valued at approximately $1,022,000. Absolute Investment Advisers LLC owned approximately 0.54% of The New America High Income Fund as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in shares of The New America High Income Fund in the second quarter valued at about $148,000. Capital Investment Advisors LLC boosted its holdings in The New America High Income Fund by 1.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company's stock worth $1,436,000 after buying an additional 1,951 shares during the last quarter. US Bancorp DE acquired a new stake in The New America High Income Fund in the 3rd quarter worth about $99,000. Integrated Wealth Concepts LLC increased its stake in The New America High Income Fund by 11.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company's stock worth $822,000 after buying an additional 10,117 shares in the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in shares of The New America High Income Fund by 128.0% during the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company's stock valued at $2,541,000 after acquiring an additional 171,279 shares during the last quarter.
The New America High Income Fund Stock Performance
Shares of NYSE:HYB traded down $0.01 during trading on Thursday, reaching $8.30. The stock had a trading volume of 51,395 shares, compared to its average volume of 113,875. The New America High Income Fund Inc. has a 1-year low of $6.64 and a 1-year high of $8.41. The business has a fifty day moving average price of $8.24 and a 200-day moving average price of $8.15.
The New America High Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.48 annualized dividend and a yield of 5.78%.
The New America High Income Fund Company Profile
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Free Report)
The New America High Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by T. Rowe Price Associates, Inc The fund invests in the fixed income markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in high yield fixed-income securities i.e.
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