Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $7.76. Neuberger Berman High Yield Strategies Fund shares last traded at $7.72, with a volume of 349,790 shares traded.
Neuberger Berman High Yield Strategies Fund Stock Up 0.6 %
Neuberger Berman High Yield Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 13.80%. The ex-dividend date of this dividend is Tuesday, February 18th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $1,082,000. Guggenheim Capital LLC lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 706,201 shares of the investment management company's stock worth $5,289,000 after acquiring an additional 15,184 shares during the period. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $88,000. Raymond James Financial Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $375,000. Finally, Invesco Ltd. lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 35.5% in the 4th quarter. Invesco Ltd. now owns 244,739 shares of the investment management company's stock worth $1,833,000 after acquiring an additional 64,119 shares during the period.
About Neuberger Berman High Yield Strategies Fund
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Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.
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