The New America High Income Fund (NYSE:HYB) Share Price Passes Above 200-Day Moving Average – Here’s Why

The New America High Income Fund Inc. (NYSE:HYB) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.24 and traded as high as $8.30. 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 Down 0.8 %

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

Institutional Trading of The New America High Income Fund

A number of large investors have recently modified their holdings of HYB. Bulldog Investors LLP purchased a new stake in shares of The New America High Income Fund in the 4th quarter worth $4,559,000. Icon Advisers Inc. Co. lifted its stake in The New America High Income Fund by 205.7% in the fourth quarter. Icon Advisers Inc. Co. now owns 290,157 shares of the investment management company’s stock worth $2,371,000 after acquiring an additional 195,255 shares during the period. Rivernorth Capital Management LLC grew its holdings in The New America High Income Fund by 128.0% during the 3rd 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 in the last quarter. Absolute Investment Advisers LLC purchased a new position in The New America High Income Fund during the 4th quarter valued at about $1,022,000. Finally, Guggenheim Capital LLC increased its position in The New America High Income Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 395,455 shares of the investment management company’s stock valued at $3,231,000 after purchasing an additional 99,121 shares during the period.

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.