Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Trading 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 dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.27%.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of large investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 210.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 88,850 shares of the investment management company’s stock valued at $770,000 after purchasing an additional 60,262 shares during the last quarter. PFG Investments LLC lifted its stake in Neuberger Berman High Yield Strategies Fund by 34.1% in 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 during the last quarter. MRA Advisory Group acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 3rd quarter valued at about $109,000. B. Riley Wealth Advisors Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 20.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 2,534 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in Neuberger Berman High Yield Strategies Fund by 17.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock valued at $364,000 after purchasing an additional 6,346 shares during the last quarter.

About Neuberger Berman High Yield Strategies Fund

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.