Miller/Howard High Income Equity Fund (HIE) To Go Ex-Dividend on September 21st

Miller/Howard High Income Equity Fund (NYSE:HIE) declared a monthly dividend on Monday, July 3rd, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.051 per share on Friday, September 29th. This represents a $0.61 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, September 21st.

Miller/Howard High Income Equity Fund Stock Up 0.2 %

HIE stock opened at $10.07 on Tuesday. The stock’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $10.04. Miller/Howard High Income Equity Fund has a 12-month low of $8.78 and a 12-month high of $11.32.

Insider Activity

In other Miller/Howard High Income Equity Fund news, major shareholder Saba Capital Management, L.P. sold 543,257 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $10.25, for a total value of $5,568,384.25. Following the completion of the transaction, the insider now owns 2,349,620 shares of the company’s stock, valued at approximately $24,083,605. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HIE. Stifel Financial Corp grew its position in Miller/Howard High Income Equity Fund by 10.6% during the second quarter. Stifel Financial Corp now owns 73,741 shares of the company’s stock valued at $747,000 after buying an additional 7,060 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Miller/Howard High Income Equity Fund by 5.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,667 shares of the company’s stock worth $219,000 after buying an additional 1,101 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Miller/Howard High Income Equity Fund in the first quarter worth about $128,000. Morgan Stanley lifted its position in shares of Miller/Howard High Income Equity Fund by 1.0% during the 4th quarter. Morgan Stanley now owns 1,111,076 shares of the company’s stock valued at $11,611,000 after buying an additional 11,522 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of Miller/Howard High Income Equity Fund during the 4th quarter valued at approximately $2,403,000.

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.