The New America High Income Fund Inc. (NYSE:HYB - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.24 and traded as high as $8.30. The New America High Income Fund shares last traded at $8.29, with a volume of 39,008 shares traded.
The New America High Income Fund Price Performance
The firm has a fifty day simple moving average of $8.23 and a two-hundred day simple moving average of $8.18.
The New America High Income Fund Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Friday, January 17th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. 1607 Capital Partners LLC lifted its stake in shares of The New America High Income Fund by 1.1% in the 4th quarter. 1607 Capital Partners LLC now owns 127,850 shares of the investment management company's stock valued at $1,045,000 after purchasing an additional 1,351 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of 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 valued at $1,436,000 after purchasing an additional 1,951 shares during the period. Invesco Ltd. lifted its stake in shares of The New America High Income Fund by 1.8% in the 4th quarter. Invesco Ltd. now owns 194,897 shares of the investment management company's stock valued at $1,592,000 after purchasing an additional 3,482 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of The New America High Income Fund by 11.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company's stock valued at $822,000 after purchasing an additional 10,117 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new position in shares of The New America High Income Fund in the 4th quarter valued at approximately $90,000.
The New America High Income Fund Company Profile
(
Get 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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