Brookstone Capital Management Buys Shares of 25,959 The New America High Income Fund Inc. (NYSE:HYB)

Brookstone Capital Management bought a new stake in shares of The New America High Income Fund Inc. (NYSE:HYB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,959 shares of the investment management company’s stock, valued at approximately $183,000. Brookstone Capital Management owned approximately 0.11% of The New America High Income Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG raised its position in The New America High Income Fund by 16.0% during the 2nd quarter. UBS Group AG now owns 9,738 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 1,342 shares in the last quarter. Royal Bank of Canada raised its position in The New America High Income Fund by 7.6% during the 3rd quarter. Royal Bank of Canada now owns 21,982 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 1,545 shares in the last quarter. Raymond James & Associates raised its position in shares of The New America High Income Fund by 6.6% in the 1st quarter. Raymond James & Associates now owns 26,293 shares of the investment management company’s stock worth $213,000 after acquiring an additional 1,625 shares in the last quarter. Stifel Financial Corp raised its position in shares of The New America High Income Fund by 9.3% in the 2nd quarter. Stifel Financial Corp now owns 19,408 shares of the investment management company’s stock worth $129,000 after acquiring an additional 1,651 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of The New America High Income Fund by 5.5% in the 4th quarter. LPL Financial LLC now owns 48,565 shares of the investment management company’s stock worth $321,000 after acquiring an additional 2,520 shares in the last quarter.

The New America High Income Fund Price Performance

HYB opened at $7.28 on Thursday. The New America High Income Fund Inc. has a 12 month low of $6.23 and a 12 month high of $7.41. The stock has a fifty day moving average price of $7.25 and a 200-day moving average price of $6.92.

The New America High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, March 14th.

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.