Avantax Advisory Services Inc. Invests $90,000 in The New America High Income Fund Inc. (NYSE:HYB)

Avantax Advisory Services Inc. purchased a new position in The New America High Income Fund Inc. (NYSE:HYB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,014 shares of the investment management company’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HYB. Rivernorth Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 171,279 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in The New America High Income Fund during the fourth quarter worth $1,022,000. Raymond James Financial Inc. purchased a new stake in The New America High Income Fund in the 4th quarter valued at $531,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of The New America High Income Fund in the 4th quarter worth $430,000. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of The New America High Income Fund by 11.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 98,668 shares of the investment management company’s stock worth $822,000 after acquiring an additional 10,117 shares during the period.

The New America High Income Fund Price Performance

Shares of HYB opened at $8.23 on Friday. The New America High Income Fund Inc. has a 12-month low of $6.97 and a 12-month high of $8.41. The firm has a 50-day moving average price of $8.23 and a 200 day moving average price of $8.24.

The New America High Income Fund Dividend Announcement

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

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.