Miller/Howard High Income Equity Fund (NYSE:HIE) Stock Price Up 0.8%

Miller/Howard High Income Equity Fund (NYSE:HIEGet Free Report) was up 0.8% on Monday . The company traded as high as $10.49 and last traded at $10.48. Approximately 24,599 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 40,976 shares. The stock had previously closed at $10.40.

Miller/Howard High Income Equity Fund Stock Performance

The stock’s 50 day moving average is $10.51 and its 200 day moving average is $10.17.

Miller/Howard High Income Equity Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 24th were issued a dividend of $0.051 per share. This represents a dividend yield of 5.81%. The ex-dividend date was Tuesday, January 23rd.

Insider Buying and Selling at Miller/Howard High Income Equity Fund

In other Miller/Howard High Income Equity Fund news, major shareholder Saba Capital Management, L.P. sold 39,914 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $10.60, for a total transaction of $423,088.40. Following the completion of the sale, the insider now directly owns 2,136,736 shares in the company, valued at approximately $22,649,401.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 162,882 shares of company stock valued at $1,724,131 in the last quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new position in shares of Miller/Howard High Income Equity Fund in the 1st quarter valued at approximately $128,000. Oppenheimer & Co. Inc. acquired a new stake in Miller/Howard High Income Equity Fund in the 1st quarter valued at $135,000. Bank of Montreal Can acquired a new stake in Miller/Howard High Income Equity Fund in the 2nd quarter valued at $137,000. LPL Financial LLC grew its stake in Miller/Howard High Income Equity Fund by 13.5% in the 3rd quarter. LPL Financial LLC now owns 16,918 shares of the company’s stock valued at $168,000 after acquiring an additional 2,015 shares during the period. Finally, Bison Wealth LLC grew its stake in Miller/Howard High Income Equity Fund by 5.3% in the 2nd quarter. Bison Wealth LLC now owns 19,986 shares of the company’s stock valued at $202,000 after acquiring an additional 1,000 shares during the period.

Miller/Howard High Income Equity Fund Company Profile

(Get Free Report)

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.

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