The New America High Income Fund (NYSE:HYB) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of The New America High Income Fund Inc. (NYSE:HYB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.20 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 trading hands.

The New America High Income Fund Stock Performance

The stock has a 50 day moving average of $8.23 and a 200-day moving average of $8.20.

The New America High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Friday, January 17th.

Institutional Investors Weigh In On The New America High Income Fund

A number of institutional investors have recently bought and sold shares of HYB. Avantax Advisory Services Inc. bought a new position in shares of The New America High Income Fund during the 4th quarter valued at approximately $90,000. US Bancorp DE bought a new position in shares of The New America High Income Fund during the 3rd quarter valued at approximately $99,000. Sanctuary Advisors LLC bought a new stake in The New America High Income Fund in the second quarter worth $148,000. Quarry LP purchased a new position in The New America High Income Fund during the fourth quarter worth $394,000. Finally, Capital Advisory Group Advisory Services LLC bought a new position in The New America High Income Fund during the fourth quarter valued at $430,000.

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.