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) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

The New America High Income Fund Price Performance

The stock’s 50-day moving average is $8.22 and its 200 day moving average is $8.23.

The New America High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given 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 was Friday, January 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HYB. US Bancorp DE purchased a new position in The New America High Income Fund during the 3rd quarter worth $99,000. Integrated Wealth Concepts LLC grew its position 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 purchasing an additional 10,117 shares during the last quarter. Rivernorth Capital Management LLC grew its position in The New America High Income Fund by 128.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock worth $2,541,000 after purchasing an additional 171,279 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in The New America High Income Fund during the 4th quarter worth $1,022,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new position in The New America High Income Fund during the 4th quarter worth $430,000.

The New America High Income Fund Company Profile

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.