Capital Advisory Group Advisory Services LLC Takes $430,000 Position in The New America High Income Fund Inc. (NYSE:HYB)

Capital Advisory Group Advisory Services LLC bought a new position in The New America High Income Fund Inc. (NYSE:HYB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 52,650 shares of the investment management company’s stock, valued at approximately $430,000.

Several other hedge funds have also bought and sold shares of the business. US Bancorp DE acquired a new position in The New America High Income Fund during the third quarter worth $99,000. Integrated Wealth Concepts LLC increased its position in shares of 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 acquiring an additional 10,117 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of The New America High Income Fund in the 4th quarter worth about $1,022,000. Finally, Rivernorth Capital Management LLC lifted its position 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 in the last quarter.

The New America High Income Fund Trading Down 0.8 %

HYB stock opened at $8.23 on Friday. The New America High Income Fund Inc. has a 52-week low of $6.64 and a 52-week high of $8.41. The business has a 50-day simple moving average of $8.22 and a two-hundred day simple moving average of $8.20.

The New America High Income Fund Dividend Announcement

The business 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. The ex-dividend date was Friday, January 17th. This represents a $0.48 annualized dividend and a yield of 5.84%.

The New America High Income Fund 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.