New America High Income Fund (HYB) : Bingham Osborn Scarborough scooped up 264 additional shares in New America High Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 306,444 shares of New America High Income Fund which is valued at $2.6 Million.New America High Income Fund makes up approximately 0.30% of Bingham Osborn Scarborough’s portfolio.
Other Hedge Funds, Including , Penserra Capital Management added HYB to its portfolio by purchasing 248 company shares during the most recent quarter which is valued at $2,096. Eos Management sold out all of its stake in HYB during the most recent quarter. The investment firm sold 50,143 shares of HYB which is valued $423,708. Rmb Capital Management added HYB to its portfolio by purchasing 24,893 company shares during the most recent quarter which is valued at $210,346. New America High Income Fund makes up approx 0.02% of Rmb Capital Management’s portfolio.
New America High Income Fund opened for trading at $8.7 and hit $8.77 on the upside on Wednesday, eventually ending the session at $8.76, with a gain of 0.92% or 0.08 points. The heightened volatility saw the trading volume jump to 79,677 shares. Company has a market cap of $122 M.
The New America High Income Fund Inc. (the Fund) is a closed-end management investment company. The Fund’s investment objective is to provide income while seeking to preserve stockholders’ capital through investment in a professionally managed portfolio of fixed-income securities known as junk bonds. The Fund invests primarily in fixed maturity corporate debt securities that are rated less than investment grade. The Fund invests primarily in fixed-income securities rated in the lower categories by rating agencies consisting principally of fixed income securities rated BB or lower by Standard & Poor’s Corporation or Ba or lower by Moody’s Investors Service Inc. The fixed-income securities in which the Fund invests are regarded by the rating agencies on balance as predominately speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation.