Rivernorth Capital Management LLC Trims Stock Position in The New America High Income Fund Inc. (NYSE:HYB)

Rivernorth Capital Management LLC lowered its holdings in shares of The New America High Income Fund Inc. (NYSE:HYB) by 59.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,117 shares of the investment management company’s stock after selling 84,845 shares during the quarter. Rivernorth Capital Management LLC owned approximately 0.25% of The New America High Income Fund worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. increased its position in shares of The New America High Income Fund by 19.7% during the 1st quarter. Cohen & Steers Inc. now owns 787,436 shares of the investment management company’s stock valued at $7,134,000 after purchasing an additional 129,587 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of The New America High Income Fund by 9.9% during the 1st quarter. Guggenheim Capital LLC now owns 226,649 shares of the investment management company’s stock valued at $2,053,000 after acquiring an additional 20,327 shares during the period. Capital Investment Advisors LLC grew its stake in shares of The New America High Income Fund by 3.7% during the 1st quarter. Capital Investment Advisors LLC now owns 137,700 shares of the investment management company’s stock valued at $1,248,000 after acquiring an additional 4,855 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of The New America High Income Fund by 2.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 137,419 shares of the investment management company’s stock valued at $1,245,000 after acquiring an additional 2,930 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of The New America High Income Fund by 12.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 108,507 shares of the investment management company’s stock valued at $983,000 after acquiring an additional 11,635 shares during the period. 26.58% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HYB opened at $9.21 on Thursday. The company’s 50 day moving average is $9.22. The New America High Income Fund Inc. has a 12-month low of $7.83 and a 12-month high of $9.50.

The business also recently disclosed a dividend, which will be paid on Friday, July 30th. Investors of record on Friday, July 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, July 15th. This represents a dividend yield of 6.41%.

The New America High Income Fund Company 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.

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

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