Miller/Howard High Income Equity Fund (NYSE:HIE) Trading Up 0.4%

Miller/Howard High Income Equity Fund (NYSE:HIE) shares rose 0.4% during mid-day trading on Tuesday . The stock traded as high as $11.39 and last traded at $11.19. Approximately 18,932 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 36,032 shares. The stock had previously closed at $11.15.

Miller/Howard High Income Equity Fund Stock Performance

The stock’s 50-day moving average is $11.05 and its 200 day moving average is $10.76.

Miller/Howard High Income Equity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.051 per share. The ex-dividend date is Friday, June 21st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.47%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. 1607 Capital Partners LLC raised its stake in shares of Miller/Howard High Income Equity Fund by 6.0% in the fourth quarter. 1607 Capital Partners LLC now owns 867,167 shares of the company’s stock worth $9,201,000 after purchasing an additional 48,875 shares during the last quarter. Balboa Wealth Partners raised its position in Miller/Howard High Income Equity Fund by 15.7% during the 4th quarter. Balboa Wealth Partners now owns 110,058 shares of the company’s stock worth $1,168,000 after buying an additional 14,942 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Miller/Howard High Income Equity Fund by 1.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 73,786 shares of the company’s stock worth $783,000 after buying an additional 1,379 shares during the last quarter. Almitas Capital LLC lifted its stake in Miller/Howard High Income Equity Fund by 4.6% during the 3rd quarter. Almitas Capital LLC now owns 1,061,308 shares of the company’s stock valued at $10,528,000 after acquiring an additional 46,679 shares during the period. Finally, Cornerstone Advisors LLC boosted its holdings in shares of Miller/Howard High Income Equity Fund by 39.5% in the 3rd quarter. Cornerstone Advisors LLC now owns 29,192 shares of the company’s stock valued at $290,000 after acquiring an additional 8,273 shares during the last quarter.

Miller/Howard High Income Equity Fund Company Profile

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.