Miller/Howard High Income Equity Fund (NYSE:HIE) Stock Price Up 0.4% – Should You Buy?

Miller/Howard High Income Equity Fund (NYSE:HIE) rose 0.4% during trading on Friday . The company traded as high as $12.57 and last traded at $12.55. Approximately 29,220 shares were traded during mid-day 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 Stock Performance

The company’s 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $11.68.

Miller/Howard High Income Equity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors 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 dividend on an annualized basis and a dividend yield of 4.86%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Fiduciary Alliance LLC purchased a new stake in shares of Miller/Howard High Income Equity Fund in the 3rd quarter valued at $152,000. Sanctuary Advisors LLC acquired a new position in Miller/Howard High Income Equity Fund in the 2nd quarter valued at about $567,000. Balboa Wealth Partners increased its stake in Miller/Howard High Income Equity Fund by 6.4% during 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 period. Quarry LP purchased a new position in shares of Miller/Howard High Income Equity Fund in the third quarter valued at approximately $2,408,000. Finally, Jane Street Group LLC grew its holdings in shares of 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 valued at $4,410,000 after purchasing an additional 153,398 shares in the last quarter.

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.