Raymond James Financial Inc. Buys New Stake in The New America High Income Fund Inc. (NYSE:HYB)

Raymond James Financial Inc. acquired a new stake in shares of The New America High Income Fund Inc. (NYSE:HYB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,998 shares of the investment management company’s stock, valued at approximately $531,000. Raymond James Financial Inc. owned 0.28% of The New America High Income Fund at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Absolute Investment Advisers LLC purchased a new stake in shares of The New America High Income Fund during the fourth quarter valued at $1,022,000. Avantax Advisory Services Inc. acquired a new stake in The New America High Income Fund in the fourth quarter worth about $90,000. Yakira Capital Management Inc. increased its stake in The New America High Income Fund by 15.7% during the 4th quarter. Yakira Capital Management Inc. now owns 103,156 shares of the investment management company’s stock valued at $843,000 after purchasing an additional 14,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new position in shares of The New America High Income Fund in the 4th quarter valued at $430,000. Finally, Invesco Ltd. raised its stake in shares of The New America High Income Fund by 1.8% in the fourth quarter. Invesco Ltd. now owns 194,897 shares of the investment management company’s stock worth $1,592,000 after purchasing an additional 3,482 shares during the last quarter.

The New America High Income Fund Trading Down 0.8 %

NYSE:HYB opened at $8.23 on Friday. The New America High Income Fund Inc. has a 1-year low of $7.14 and a 1-year high of $8.41. The company’s fifty day moving average price is $8.23 and its 200-day moving average price is $8.22.

About The New America High Income Fund

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.