Integrated Wealth Concepts LLC Purchases 10,117 Shares of The New America High Income Fund Inc. (NYSE:HYB)

Integrated Wealth Concepts LLC grew its position in shares of The New America High Income Fund Inc. (NYSE:HYB) by 11.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 98,668 shares of the investment management company’s stock after buying an additional 10,117 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in The New America High Income Fund were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HYB. US Bancorp DE acquired a new position in shares of The New America High Income Fund in the 3rd quarter worth approximately $99,000. Capital Investment Advisors LLC increased its holdings in The New America High Income Fund by 1.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 172,367 shares of the investment management company’s stock valued at $1,436,000 after purchasing an additional 1,951 shares in the last quarter. Sanctuary Advisors LLC bought a new position in The New America High Income Fund in the 2nd quarter valued at $148,000. Finally, AE Wealth Management LLC bought a new stake in shares of The New America High Income Fund during the second quarter worth $75,000.

The New America High Income Fund Stock Performance

Shares of NYSE:HYB opened at $8.31 on Tuesday. The business has a fifty day moving average of $8.24 and a 200-day moving average of $7.89. The New America High Income Fund Inc. has a twelve month low of $6.64 and a twelve month high of $8.41.

The New America High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.78%. The ex-dividend date is Tuesday, December 17th.

The New America High Income Fund 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.