The New America High Income Fund (NYSE:HYB) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

The New America High Income Fund Inc. (NYSE:HYB) 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 trading hands.

The New America High Income Fund Stock Performance

The stock’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $8.17.

The New America High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 5.79%. The ex-dividend date was Friday, January 17th.

Institutional Investors Weigh In On The New America High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYB. Avantax Advisory Services Inc. purchased a new position in shares of The New America High Income Fund in the 4th quarter worth approximately $90,000. US Bancorp DE purchased a new stake in shares of The New America High Income Fund during the third quarter valued at approximately $99,000. Sanctuary Advisors LLC bought a new stake in The New America High Income Fund during the second quarter worth $148,000. Capital Advisory Group Advisory Services LLC purchased a new position in The New America High Income Fund in the fourth quarter worth $430,000. Finally, Raymond James Financial Inc. bought a new position in The New America High Income Fund in the 4th quarter valued at $531,000.

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.