Thrivent Financial for Lutherans Sells 6,000 Shares of The New America High Income Fund Inc. (NYSE:HYB)

Thrivent Financial for Lutherans cut its stake in The New America High Income Fund Inc. (NYSE:HYB – Get Rating) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,022 shares of the investment management company’s stock after selling 6,000 shares during the quarter. Thrivent Financial for Lutherans owned 0.56% of The New America High Income Fund worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of The New America High Income Fund by 20.4% in the first quarter. Bank of America Corp DE now owns 22,270 shares of the investment management company’s stock worth $180,000 after acquiring an additional 3,773 shares during the period. Royal Bank of Canada grew its holdings in shares of The New America High Income Fund by 7.6% in the third quarter. Royal Bank of Canada now owns 21,982 shares of the investment management company’s stock worth $143,000 after acquiring an additional 1,545 shares during the period. Rivernorth Capital Management LLC bought a new stake in shares of The New America High Income Fund in the first quarter worth $119,000. Atria Wealth Solutions Inc. bought a new stake in shares of The New America High Income Fund in the first quarter worth $113,000. Finally, UBS Group AG grew its holdings in shares of The New America High Income Fund by 58.7% in the third quarter. UBS Group AG now owns 15,457 shares of the investment management company’s stock worth $100,000 after acquiring an additional 5,719 shares during the period. 19.85% of the stock is currently owned by institutional investors.

The New America High Income Fund Stock Down 0.6 %

Shares of HYB opened at $6.49 on Wednesday. The business has a fifty day moving average of $6.61 and a 200 day moving average of $6.77. The New America High Income Fund Inc. has a one year low of $6.24 and a one year high of $7.88.

The New America High Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be given a $0.04 dividend. The ex-dividend date is Tuesday, May 16th. This represents a dividend yield of 7.32%.

About The New America High Income Fund

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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.