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

The New America High Income Fund Inc. (NYSE:HYB)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.23 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.

The New America High Income Fund Stock Down 0.8 %

The stock’s 50 day moving average is $8.22 and its two-hundred day moving average is $8.23.

The New America High Income Fund Dividend Announcement

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

Institutional Trading of The New America High Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its position in shares of The New America High Income Fund by 2.9% during the fourth quarter. Sit Investment Associates Inc. now owns 2,758,596 shares of the investment management company’s stock valued at $22,538,000 after buying an additional 77,411 shares during the last quarter. Bulldog Investors LLP purchased a new stake in shares of The New America High Income Fund during the fourth quarter valued at about $4,559,000. Guggenheim Capital LLC lifted its position in shares of The New America High Income Fund by 33.4% during the fourth quarter. Guggenheim Capital LLC now owns 395,455 shares of the investment management company’s stock valued at $3,231,000 after buying an additional 99,121 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in shares of 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 buying an additional 171,279 shares during the last quarter. Finally, Icon Advisers Inc. Co. lifted its position in shares of The New America High Income Fund by 205.7% during the fourth quarter. Icon Advisers Inc. Co. now owns 290,157 shares of the investment management company’s stock valued at $2,371,000 after buying an additional 195,255 shares during the last quarter.

About The New America High Income Fund

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.