Sit Investment Associates Inc. Increases Stock Holdings in The New America High Income Fund Inc. (NYSE:HYB)

Sit Investment Associates Inc. boosted its position in shares of The New America High Income Fund Inc. (NYSE:HYB) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,758,596 shares of the investment management company’s stock after purchasing an additional 77,411 shares during the period. Sit Investment Associates Inc. owned approximately 0.12% of The New America High Income Fund worth $22,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Absolute Investment Advisers LLC purchased a new position in shares of The New America High Income Fund during the 4th quarter valued at $1,022,000. Avantax Advisory Services Inc. bought a new stake in The New America High Income Fund during the fourth quarter valued at $90,000. Integrated Wealth Concepts LLC grew its position in The New America High Income Fund by 11.4% during the third 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. Capital Advisory Group Advisory Services LLC bought a new position in The New America High Income Fund in the 4th quarter worth about $430,000. 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 acquiring an additional 171,279 shares in the last quarter.

The New America High Income Fund Trading Down 0.8 %

Shares of HYB opened at $8.23 on Friday. The New America High Income Fund Inc. has a 12-month low of $6.97 and a 12-month high of $8.41. The stock has a 50-day moving average price of $8.23 and a 200-day moving average price of $8.24.

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.