Cohen & Steers Inc. Reduces Holdings in The New America High Income Fund Inc. (NYSE:HYB)

Cohen & Steers Inc. trimmed its position in shares of The New America High Income Fund Inc. (NYSE:HYBGet Rating) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,681 shares of the investment management company’s stock after selling 30,754 shares during the quarter. Cohen & Steers Inc. owned approximately 1.82% of The New America High Income Fund worth $3,444,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HYB. Wolverine Asset Management LLC purchased a new stake in shares of The New America High Income Fund during the first quarter worth approximately $929,000. Sit Investment Associates Inc. boosted its stake in The New America High Income Fund by 18.3% during the first quarter. Sit Investment Associates Inc. now owns 645,633 shares of the investment management company’s stock worth $5,236,000 after buying an additional 100,000 shares during the last quarter. Baird Financial Group Inc. acquired a new position in The New America High Income Fund during the first quarter worth $498,000. AEGON USA Investment Management LLC acquired a new position in The New America High Income Fund during the first quarter worth $330,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in The New America High Income Fund by 11.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 330,951 shares of the investment management company’s stock worth $2,684,000 after buying an additional 34,687 shares during the last quarter. 22.56% of the stock is currently owned by hedge funds and other institutional investors.

The New America High Income Fund Price Performance

NYSE HYB opened at $7.19 on Monday. The stock’s fifty day moving average is $7.29 and its two-hundred day moving average is $7.54. The New America High Income Fund Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $10.44.

The New America High Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.05 per share. This represents a yield of 7.74%. The ex-dividend date was Tuesday, August 16th.

The New America High Income Fund Profile

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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.

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Institutional Ownership by Quarter for The New America High Income Fund (NYSE:HYB)

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