Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.67. Neuberger Berman High Yield Strategies Fund shares last traded at $7.67, with a volume of 244,652 shares.
Neuberger Berman High Yield Strategies Fund Stock Down 0.8 %
Neuberger Berman High Yield Strategies Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.0905 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.27%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NHS. J.W. Cole Advisors Inc. bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter valued at about $224,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 20.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company's stock worth $116,000 after buying an additional 2,534 shares during the period. MRA Advisory Group bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 3rd quarter worth about $109,000. SeaCrest Wealth Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 17.8% during the third quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company's stock worth $364,000 after buying an additional 6,346 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Neuberger Berman High Yield Strategies Fund by 34.1% during the 3rd quarter. PFG Investments LLC now owns 39,541 shares of the investment management company's stock valued at $343,000 after purchasing an additional 10,044 shares in the last quarter.
Neuberger Berman High Yield Strategies Fund Company Profile
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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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