Absolute Investment Advisers LLC Invests $1.02 Million in The New America High Income Fund Inc. (NYSE:HYB)

Absolute Investment Advisers LLC purchased a new position in shares of The New America High Income Fund Inc. (NYSE:HYB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,094 shares of the investment management company’s stock, valued at approximately $1,022,000. Absolute Investment Advisers LLC owned about 0.54% of The New America High Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of HYB. US Bancorp DE acquired a new position in shares of The New America High Income Fund in the 3rd quarter worth approximately $99,000. Sanctuary Advisors LLC bought a new position in The New America High Income Fund during the second quarter worth $148,000. Integrated Wealth Concepts LLC lifted its stake in 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 purchasing an additional 10,117 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in The New America High Income Fund by 1.1% in the third quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company’s stock worth $1,436,000 after purchasing an additional 1,951 shares during the period. Finally, Rivernorth Capital Management LLC increased its stake in The New America High Income Fund by 128.0% during the third quarter. Rivernorth Capital Management LLC now owns 305,044 shares of the investment management company’s stock valued at $2,541,000 after purchasing an additional 171,279 shares during the last quarter.

The New America High Income Fund Stock Performance

The New America High Income Fund stock opened at $8.27 on Monday. The New America High Income Fund Inc. has a 1 year low of $6.64 and a 1 year high of $8.41. The firm’s 50-day moving average is $8.23 and its 200-day moving average is $8.13.

The New America High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date was Friday, January 17th.

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.