Miller/Howard High Income Equity Fund (NYSE:HIE) Trading 0.4% Higher – Time to Buy?

Miller/Howard High Income Equity Fund (NYSE:HIE) shares rose 0.4% during mid-day trading on Friday . The company traded as high as $12.57 and last traded at $12.55. Approximately 29,220 shares traded hands during trading, a decline of 17% from the average daily volume of 35,215 shares. The stock had previously closed at $12.50.

Miller/Howard High Income Equity Fund Trading Up 0.4 %

The stock has a 50-day moving average price of $12.25 and a 200-day moving average price of $11.67.

Miller/Howard High Income Equity Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were given a dividend of $0.051 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $0.61 annualized dividend and a yield of 4.88%.

Hedge Funds Weigh In On Miller/Howard High Income Equity Fund

A number of institutional investors have recently made changes to their positions in the stock. Balboa Wealth Partners grew its holdings in shares of Miller/Howard High Income Equity Fund by 6.4% in the third quarter. Balboa Wealth Partners now owns 158,129 shares of the company’s stock worth $1,928,000 after purchasing an additional 9,500 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in shares of Miller/Howard High Income Equity Fund during the 3rd quarter valued at about $152,000. Sanctuary Advisors LLC purchased a new position in shares of Miller/Howard High Income Equity Fund during the second quarter valued at about $567,000. Jane Street Group LLC raised its stake in Miller/Howard High Income Equity Fund by 73.6% in the third quarter. Jane Street Group LLC now owns 361,807 shares of the company’s stock worth $4,410,000 after buying an additional 153,398 shares in the last quarter. Finally, Almitas Capital LLC lifted its holdings in Miller/Howard High Income Equity Fund by 16.4% in the second quarter. Almitas Capital LLC now owns 1,105,965 shares of the company’s stock worth $12,398,000 after buying an additional 155,904 shares during the period.

About Miller/Howard High Income Equity Fund

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.