The New America High Income Fund (NYSE:HYB) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

The New America High Income Fund Inc. (NYSE:HYB)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.23 and traded as low as $8.20. The New America High Income Fund shares last traded at $8.23, with a volume of 1,087,549 shares.

The New America High Income Fund Trading Down 0.8 %

The stock’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $8.23.

The New America High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $0.04 dividend. The ex-dividend date was Friday, January 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.84%.

Institutional Investors Weigh In On The New America High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Absolute Investment Advisers LLC acquired a new stake in shares of The New America High Income Fund in the 4th quarter valued at $1,022,000. Integrated Wealth Concepts LLC raised its holdings 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 in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of The New America High Income Fund in the 4th quarter valued at $430,000. US Bancorp DE acquired a new stake in shares of The New America High Income Fund in the 3rd quarter valued at $99,000. Finally, Rivernorth Capital Management LLC raised its holdings in shares of The New America High Income Fund by 128.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock valued at $2,541,000 after purchasing an additional 171,279 shares in the last quarter.

About The New America High Income Fund

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.