The New America High Income Fund (NYSE:HYB) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

The New America High Income Fund Inc. (NYSE:HYB)’s stock price 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.

The New America High Income Fund Stock Down 0.8 %

The stock’s fifty day moving average price is $8.22 and its 200 day moving average price is $8.23.

The New America High Income Fund Announces Dividend

The firm also recently announced 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 dividend yield of 5.84%. The ex-dividend date of this dividend was Friday, January 17th.

Hedge Funds Weigh In On The New America High Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Absolute Investment Advisers LLC bought a new position in shares of The New America High Income Fund during the 4th quarter valued at $1,022,000. Integrated Wealth Concepts LLC boosted 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 valued at $822,000 after buying an additional 10,117 shares during the period. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of The New America High Income Fund in the 4th quarter worth about $430,000. US Bancorp DE bought a new position in shares of The New America High Income Fund in the 3rd quarter worth about $99,000. Finally, Rivernorth Capital Management LLC grew its stake in shares of The New America High Income Fund by 128.0% in the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock worth $2,541,000 after acquiring an additional 171,279 shares during the period.

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.