Sit Investment Associates Inc. Purchases 77,411 Shares of The New America High Income Fund Inc. (NYSE:HYB)

Sit Investment Associates Inc. raised its position in The New America High Income Fund Inc. (NYSE:HYB) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,758,596 shares of the investment management company’s stock after buying an additional 77,411 shares during the quarter. Sit Investment Associates Inc. owned about 11.80% of The New America High Income Fund worth $22,538,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HYB. Rivernorth Capital Management LLC raised its stake in 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 acquiring an additional 171,279 shares during the period. Absolute Investment Advisers LLC purchased a new position in shares of The New America High Income Fund in the fourth quarter worth about $1,022,000. Integrated Wealth Concepts LLC raised its position in shares of The New America High Income Fund by 11.4% in the third 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. Raymond James Financial Inc. bought a new stake in shares of The New America High Income Fund in the fourth quarter valued at approximately $531,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in shares of The New America High Income Fund during the 4th quarter valued at approximately $430,000.

The New America High Income Fund Trading Down 0.8 %

The New America High Income Fund stock opened at $8.23 on Friday. The firm has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $8.24. The New America High Income Fund Inc. has a 1-year low of $6.97 and a 1-year high of $8.41.

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.