Logan Stone Capital LLC Sells 79,153 Shares of The New America High Income Fund Inc. (NYSE:HYB)

Logan Stone Capital LLC lessened its position in The New America High Income Fund Inc. (NYSE:HYB) by 62.0% in the 2nd quarter, Holdings Channel reports. The firm owned 48,435 shares of the investment management company’s stock after selling 79,153 shares during the period. Logan Stone Capital LLC’s holdings in The New America High Income Fund were worth $355,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HYB. Bulldog Investors LLP increased its stake in The New America High Income Fund by 98.4% in the fourth quarter. Bulldog Investors LLP now owns 91,191 shares of the investment management company’s stock valued at $642,000 after purchasing an additional 45,222 shares in the last quarter. 1607 Capital Partners LLC boosted its holdings in shares of The New America High Income Fund by 33.5% in the fourth quarter. 1607 Capital Partners LLC now owns 150,406 shares of the investment management company’s stock valued at $1,059,000 after buying an additional 37,775 shares during the period. Thrive Wealth Management LLC acquired a new position in shares of The New America High Income Fund in the first quarter valued at approximately $104,000. AE Wealth Management LLC acquired a new position in The New America High Income Fund during the second quarter worth $75,000. Finally, Capital Investment Advisors LLC boosted its holdings in The New America High Income Fund by 4.0% during the second quarter. Capital Investment Advisors LLC now owns 170,416 shares of the investment management company’s stock worth $1,249,000 after purchasing an additional 6,605 shares during the last quarter.

The New America High Income Fund Stock Performance

Shares of HYB opened at $8.25 on Friday. The New America High Income Fund Inc. has a 12 month low of $6.23 and a 12 month high of $8.41. The firm has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $7.50.

The New America High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Monday, September 16th.

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.