Miller/Howard High Income Equity Fund (NYSE:HIE) Trading Up 1.2%

Miller/Howard High Income Equity Fund (NYSE:HIE) shares were up 1.2% on Thursday . The company traded as high as $11.10 and last traded at $11.08. Approximately 24,334 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 33,707 shares. The stock had previously closed at $10.95.

Miller/Howard High Income Equity Fund Trading Up 1.2 %

The firm’s fifty day moving average is $10.67 and its 200-day moving average is $10.32.

Miller/Howard High Income Equity Fund Cuts Dividend

The company also recently disclosed 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 of this dividend was Tuesday, January 23rd.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 4,076 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $10.33, for a total value of $42,105.08. Following the completion of the transaction, the insider now owns 1,990,471 shares in the company, valued at approximately $20,561,565.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 166,958 shares of company stock worth $1,766,236 in the last 90 days.

Institutional Trading of Miller/Howard High Income Equity Fund

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