Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Passes Above 50-Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) crossed 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.

Neuberger Berman High Yield Strategies Fund Trading Up 0.1 %

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 issued a $0.0905 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.09 dividend on an annualized basis and a yield of 14.07%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NHS. Apollon Wealth Management LLC acquired a new position in Neuberger Berman High Yield Strategies Fund during the 4th quarter worth about $109,000. MRA Advisory Group lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 16.1% in the fourth quarter. MRA Advisory Group now owns 14,624 shares of the investment management company’s stock worth $110,000 after acquiring an additional 2,030 shares during the period. Truist Financial Corp acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth approximately $152,000. Robinson Capital Management LLC bought a new stake in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $187,000. Finally, SeaCrest Wealth Management LLC increased its position in Neuberger Berman High Yield Strategies Fund by 5.3% during the 4th 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.

Neuberger Berman High Yield Strategies Fund Company Profile

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.