Rivernorth Capital Management LLC Buys 443,106 Shares of New America High Income Fund Inc. (NYSE:HYB)

Rivernorth Capital Management LLC grew its stake in shares of New America High Income Fund Inc. (NYSE:HYB) by 371.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 562,448 shares of the investment management company’s stock after acquiring an additional 443,106 shares during the period. Rivernorth Capital Management LLC owned about 2.41% of New America High Income Fund worth $4,989,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HYB. Sit Investment Associates Inc. raised its stake in shares of New America High Income Fund by 69.3% during the first quarter. Sit Investment Associates Inc. now owns 463,379 shares of the investment management company’s stock valued at $3,939,000 after acquiring an additional 189,689 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of New America High Income Fund by 11.7% during the second quarter. Cohen & Steers Inc. now owns 661,510 shares of the investment management company’s stock valued at $5,868,000 after acquiring an additional 69,366 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of New America High Income Fund by 141.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 75,831 shares of the investment management company’s stock valued at $645,000 after acquiring an additional 44,415 shares in the last quarter. Twin Focus Capital Partners LLC bought a new stake in shares of New America High Income Fund during the first quarter valued at approximately $353,000. Finally, Bank of America Corp DE raised its stake in shares of New America High Income Fund by 48.9% during the fourth quarter. Bank of America Corp DE now owns 41,509 shares of the investment management company’s stock valued at $314,000 after acquiring an additional 13,634 shares in the last quarter. 23.61% of the stock is owned by hedge funds and other institutional investors.

HYB stock traded down $0.01 during trading on Friday, hitting $8.84. 200 shares of the company’s stock traded hands, compared to its average volume of 76,353. The business has a fifty day simple moving average of $8.76 and a two-hundred day simple moving average of $8.69. New America High Income Fund Inc. has a 1 year low of $7.19 and a 1 year high of $8.98.

About 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.

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

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