New Star Investment Trust (LON:NSI) Stock Price Up 3.5%

New Star Investment Trust (LON:NSI) shares rose 3.5% during trading on Friday . The company traded as high as GBX 120 ($1.52) and last traded at GBX 119 ($1.51). Approximately 10,092 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 9,495 shares. The stock had previously closed at GBX 115 ($1.46).

New Star Investment Trust Price Performance

The firm has a 50-day moving average of GBX 117.11 and a 200-day moving average of GBX 113.94. The stock has a market cap of £84.51 million, a PE ratio of 2,380.00 and a beta of 0.30.

New Star Investment Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 28th. New Star Investment Trust’s dividend payout ratio is currently 6,000.00%.

New Star Investment Trust Company Profile

New Star Investment Trust plc is a closed ended balanced mutual fund of funds launched and managed by Brompton Asset Management LLP. The fund invests in funds which invest in the public equity markets across the globe. It primarily invests in equity, bond, commodity, real estate, currency, pooled investment vehicles, exchange traded funds, futures, options, and limited partnerships.