Miller/Howard High Income Equity Fund (NYSE:HIE) Stock Price Up 0.4% – Here’s Why

Miller/Howard High Income Equity Fund (NYSE:HIE) was up 0.4% during trading on Friday . The stock traded as high as $12.57 and last traded at $12.55. Approximately 29,220 shares were traded 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 Price Performance

The stock’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $11.68.

Miller/Howard High Income Equity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HIE. Quarry LP acquired a new stake in Miller/Howard High Income Equity Fund during the 3rd quarter worth $2,408,000. Almitas Capital LLC increased its position in shares of Miller/Howard High Income Equity Fund by 16.4% during the second quarter. Almitas Capital LLC now owns 1,105,965 shares of the company’s stock worth $12,398,000 after purchasing an additional 155,904 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Miller/Howard High Income Equity Fund by 73.6% in the 3rd quarter. Jane Street Group LLC now owns 361,807 shares of the company’s stock valued at $4,410,000 after purchasing an additional 153,398 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Miller/Howard High Income Equity Fund in the 2nd quarter valued at about $567,000. Finally, Fiduciary Alliance LLC purchased a new position in Miller/Howard High Income Equity Fund during the 3rd quarter worth approximately $152,000.

Miller/Howard High Income Equity Fund Company Profile

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.