Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) announced a monthly dividend on Tuesday, June 30th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0905 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 17.4%. The ex-dividend date of this dividend is Wednesday, July 15th.
Neuberger Berman High Yield Strategies Fund Stock Performance
NHS opened at $6.24 on Wednesday. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.06 and a 52 week high of $7.75. The business has a 50 day moving average of $6.32 and a 200-day moving average of $6.90.
Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund
A number of institutional investors have recently made changes to their positions in NHS. Mercer Global Advisors Inc. ADV grew its position in Neuberger Berman High Yield Strategies Fund by 24.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after purchasing an additional 2,597 shares during the period. Kestra Advisory Services LLC raised its stake in Neuberger Berman High Yield Strategies Fund by 18.0% during the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after buying an additional 2,857 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 7.3% during the 3rd quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock valued at $370,000 after buying an additional 3,343 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after buying an additional 3,930 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 14.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock worth $322,000 after buying an additional 5,219 shares during the last quarter.
About Neuberger Berman High Yield Strategies Fund
The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.
Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.
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