Sanctuary Advisors LLC Acquires Shares of 20,985 The New America High Income Fund Inc. (NYSE:HYB)

Sanctuary Advisors LLC bought a new position in The New America High Income Fund Inc. (NYSE:HYB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,985 shares of the investment management company’s stock, valued at approximately $148,000.

A number of other institutional investors have also modified their holdings of the stock. AE Wealth Management LLC bought a new position in The New America High Income Fund during the second quarter worth $75,000. Thrive Wealth Management LLC acquired a new stake in shares of The New America High Income Fund during the first quarter worth $104,000. Finally, Capital Investment Advisors LLC raised its holdings in shares of The New America High Income Fund by 4.0% during the second quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock worth $1,249,000 after purchasing an additional 6,605 shares during the period.

The New America High Income Fund Stock Down 0.7 %

Shares of NYSE:HYB opened at $8.18 on Tuesday. The firm has a 50-day simple moving average of $8.24 and a 200 day simple moving average of $7.62. The New America High Income Fund Inc. has a fifty-two week low of $6.28 and a fifty-two week high of $8.41.

The New America High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Thursday, October 17th.

The New America High Income Fund 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.