Shaker Financial Services LLC bought a new stake in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 144,512 shares of the investment management company's stock, valued at approximately $1,082,000. Shaker Financial Services LLC owned 0.52% of Neuberger Berman High Yield Strategies Fund as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in NHS. SeaCrest Wealth Management LLC lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company's stock valued at $332,000 after purchasing an additional 2,247 shares during the period. Apollon Wealth Management LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $109,000. Truist Financial Corp acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at approximately $152,000. Wolverine Asset Management LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $362,000. Finally, 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.
Neuberger Berman High Yield Strategies Fund Stock Performance
NHS stock traded up $0.01 during midday trading on Friday, hitting $7.50. 83,509 shares of the stock were exchanged, compared to its average volume of 146,855. The stock's 50-day moving average price is $7.56 and its 200-day moving average price is $7.61. Neuberger Berman High Yield Strategies Fund Inc. has a fifty-two week low of $6.62 and a fifty-two week high of $8.67.
Neuberger Berman High Yield Strategies Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a dividend yield of 14.48%. The ex-dividend date is Tuesday, April 15th.
About Neuberger Berman High Yield Strategies Fund
(
Free Report)
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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