The New America High Income Fund (NYSE:HYB) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

The New America High Income Fund Inc. (NYSE:HYB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.24 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 Trading Down 0.8 %

The business has a 50-day moving average price of $8.23 and a two-hundred day moving average price of $8.24.

The New America High Income Fund Dividend Announcement

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

Institutional Investors Weigh In On The New America High Income Fund

A number of large investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new stake in shares of The New America High Income Fund during the 4th quarter worth approximately $90,000. Quarry LP bought a new stake in The New America High Income Fund during the fourth quarter worth $394,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of The New America High Income Fund in the 4th quarter valued at $430,000. Raymond James Financial Inc. bought a new position in shares of The New America High Income Fund in the 4th quarter valued at $531,000. Finally, CSS LLC IL raised its holdings in shares of The New America High Income Fund by 168.2% during the 4th quarter. CSS LLC IL now owns 80,462 shares of the investment management company’s stock worth $657,000 after buying an additional 50,462 shares in the last quarter.

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.