The New America High Income Fund (NYSE:HYB) Shares Cross Above 200-Day Moving Average – Here’s What Happened

The New America High Income Fund Inc. (NYSE:HYB)’s stock price 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 traded.

The New America High Income Fund Stock Down 0.8 %

The business has a fifty day moving average of $8.23 and a two-hundred day moving average of $8.24.

Institutional Investors Weigh In On The New America High Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Avantax Advisory Services Inc. purchased a new stake in The New America High Income Fund in the 4th quarter valued at approximately $90,000. Quarry LP acquired a new position in shares of The New America High Income Fund in the fourth quarter worth $394,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of The New America High Income Fund in the fourth quarter valued at $430,000. Raymond James Financial Inc. purchased a new stake in shares of The New America High Income Fund in the fourth quarter valued at $531,000. Finally, CSS LLC IL boosted its stake in shares of The New America High Income Fund by 168.2% during the fourth quarter. CSS LLC IL now owns 80,462 shares of the investment management company’s stock valued at $657,000 after acquiring an additional 50,462 shares during the last quarter.

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.