The New America High Income Fund (NYSE:HYB) Share Price Crosses Above 50 Day Moving Average of $8.62

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The New America High Income Fund Inc. (NYSE:HYB) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.62 and traded as high as $8.76. The New America High Income Fund shares last traded at $8.73, with a volume of 60,146 shares changing hands.

The business’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $8.29.

The business also recently disclosed a dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.60 per share. This is a positive change from The New America High Income Fund’s previous dividend of $0.05. This represents a yield of 7.04%. The ex-dividend date is Wednesday, December 30th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in The New America High Income Fund by 308.8% during the 3rd quarter. Wells Fargo & Company MN now owns 537,842 shares of the investment management company’s stock valued at $4,399,000 after buying an additional 406,292 shares in the last quarter. Guggenheim Capital LLC grew its holdings in The New America High Income Fund by 5.5% during the 3rd quarter. Guggenheim Capital LLC now owns 193,655 shares of the investment management company’s stock valued at $1,584,000 after buying an additional 10,066 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in The New America High Income Fund by 2.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 132,845 shares of the investment management company’s stock valued at $1,087,000 after buying an additional 3,755 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of The New America High Income Fund by 30.7% in the third quarter. Thrivent Financial for Lutherans now owns 116,374 shares of the investment management company’s stock valued at $952,000 after purchasing an additional 27,369 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of The New America High Income Fund by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 91,956 shares of the investment management company’s stock valued at $752,000 after purchasing an additional 8,363 shares in the last quarter.

About The New America High Income Fund (NYSE:HYB)

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.

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